Over the few weeks, you'll see a number of Zillow training videos come out. Recently we did one for Zillow Advice, and now I am happy to present one about Zillow Mortgage Marketplace.
For Borrowers - You anonymously fill out a form that gets submitted to numerous Lenders in the marketplace. These Lenders provide you with a customized quote. Then you decide who you would like to reach out to and work with.
For Lenders - There is a onetime fee of $25 to do a verification check on you (a third party keeps this money and handles the check). Once approved you can start quoting and hopefully generating business.
For Realtors - This is a great place for your Buyers to shop for a Lender and a Mortgage. The typical loan request gets responses in minutes from responsible Lenders.
Hope I didn't ruin the video by giving all that away! Enjoy!
Video is shot from the perspective of a user.
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Nice post! I like the content and it gives great advice to make it easy for consumers to understand. Baby steps as I always say for customers. Keep up the good work!
Sara is back blogging! Great to see you "home" again! have a great weekend.
Sara,
Although I like Zillow and much of what the site is trying to accomplish I have to disagree with this one. My clients who have used lenders they have found on the internet have been bait and switched at an alarming rate and have very little success. Finding a lender in my opinion, is just about the most important part of a real estate transaction at this point in time and leaving this important element up to someone you met on the internet is risky at best. Buyers should be using a lender that comes highly recommended by trusted friends, family or associates. I've seen too many buyers get weeks into a transaction only to have the entire thing fall apart because the lender had "changes" at the last minute.
Zillow is barking up the wrong tree with this one.
Respectfully,