LendingTree has launched its first Blackberry app, called the Mortgage RateFinder. The free application allows users to obtain on-the-spot loan offers anonymously. "In today's low-rate mortgage environment, it's important for consumers to shop around to ensure they're receiving the best possible rate," said Doug Lebda, founder and CEO of LendingTree. "In fact, since the introduction of our iPhone Mortgage RateFinder app in January, consumers have received more than 51,000 loan offers from participating lenders." In using the app, consumers have to enter information about the loan they would like and the app will instantly provide users with up to 30 different, customized loan offers from network lenders. Once a great offer is found, users can click to be contacted by that lender and move forward with the loan request.
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More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
September 14 -
Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.
September 14 -
Homebuyers who are preapproved have the best opportunity to take advantage of fall discounts, giving lenders an opportunity to roll out marketing around this.
September 14 -
Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.
September 14 -
NAF Insurance customers save $719 on average, Phil Miller, senior vice president of strategic partnerships at New American said.
September 14 -
Polling suggests that Democrats could retake control of the House and have a formidable shot at the Senate as well. If they win both chambers, oversight of bank regulation, crypto and Trump administration officials will be the name of the game.
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