ledingtree: The End of the Mortgage Broker Era (PART II)
- 06/25/08 09:25 AM
In PART I, I discussed how I believe that Lendingtree.com and pricing engine sites like it have begun the demise of the mortgage broker. Now I want to discuss how new sites in our industry are changing the whole landscape of the business. Fairclosingcosts.comis a new site that does for all the ancillary real estate businesses what Lendingtree did for the mortgage business. Borrowers, buyers, and sellers can now go online and compare title companies, escrow companies, termite companies, etc... on price. They can enter the specifics of their transaction (usually just the price and location matter) and the site will … (0 comments)
In PART I, I discussed how I believe that Lendingtree.com and pricing engine sites like it have begun the demise of the mortgage broker. Now I want to discuss how new sites in our industry are changing the whole landscape of the business.
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