Zillow Mortgage Marketplace is launching its first distribution deal with online real estate brokerage Redfin. Visitors to Redfin's website can now fill out a mini loan request form on the "Financing Your Home" page of the site. This brings potential borrowers to Zillow Mortgage Marketplace, where they can complete the Zillow Loan Request Form and instantly get custom quotes - all anonymously - from Zillow's network of thousands of lenders. Once borrowers submit a loan request, they receive, on average, 22 custom quotes from lenders nationwide. After comparing quotes, borrowers decide which lenders to contact, responding lenders don't call the borrower.
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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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