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zillow mortgage marketplace: Zillow Mortgage Marketplace -- Lender Testimonial
- 03/05/10 12:36 AM
I’ve recently blogged about Zillow Mortgage Marketplace and the fact that it has proven to be a terrific platform for lenders to connect with borrowers. Unfortunately this is one of those products where success doesn’t necessarily beget more success because borrowers aren’t prone to brag to their friends about this terrific place that they found a mortgage (yawn), and lenders aren’t likely to share marketing successes with their competitors. But occasionally a lender testimonial crosses my inbox that’s too good not to repost.
Here are excerpts from an email from a California lender in Zillow Mortgage Marketplace who’s a loan officer … (2 comments)
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zillow mortgage marketplace: Zillow Mortgage Marketplace Works For Lenders
- 02/23/10 07:29 AM
I try to avoid salesly blog posts about Zillow's products, but occasionally I can't help myself. This is one of those times.
Zillow Mortgage Marketplace has been in existence for around 18 months. If you don't know how it works, please watch the video here. But here's a quick primer. Borrowers fill out a short form loan request -- it takes about 3 minutes. They fill in info about the loan their looking for (refi or purchase) and their financial situation, but they don't include any personally identifiable information (no social security number, no phone #, no email address). This happens … (0 comments)
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zillow mortgage marketplace: Talking mortgages with Business Insider
- 01/14/10 02:54 PM
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zillow mortgage marketplace: What is Zillow Mortgage Marketplace?
- 04/30/09 08:30 AM
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zillow mortgage marketplace: Zillow Mortgage Marketplace - is it working for lenders?
- 05/22/08 07:01 AM
A few weeks ago I posted some stats with early results from Zillow Mortgage Marketplace. That was on April 25, when Zillow Mortgages was 3 weeks old. It has been another month, and the product continues to grow like a weed.
After 7 weeks, here are the stats:
We've also added leaderboards of the top lenders:
And rate tables showing the current mortgage rates in the Marketplace:
But the question everyone wants to know is: does Zillow Mortgage Marketplace deliver for lenders? Are the 2,231 lenders providing quotes each day getting business?
Since … (12 comments)
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zillow mortgage marketplace: Less work? Then charge less.
- 05/01/08 11:30 AM
I was talking to a real estate broker friend of mine (who also owns a mortgage brokerage) earlier this week about Zillow Mortgage Marketplace (see my earlier post here) and he said something interesting to me. He said that his mortgage brokers are having good success finding borrowers through Zillow Mortgage Marketplace, and that he had hired a junior loan officer just to respond to Loan Requests on Zillow. But he said that he was going to do a better job encouraging his loan officers to quote more competitive rates in line with the effort required from the channel.
His point … (34 comments)
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zillow mortgage marketplace: Zillow Mortgage Marketplace, 3 weeks in
- 04/25/08 06:44 AM
The Zillow Mortgage Marketplace is now about three weeks old, so I thought I'd give an update.
What is it?
In short, think of Zillow Mortgage Marketplace like a free, anonymous version of Lending Tree. Borrowers submit loan requests but don't share their name, their SS# or their phone #. Lenders then respond to the Loan Requests with their own customized Loan Quotes, for free. Borrowers then choose which lender to reach out to and the borrower contacts the lender. The entire marketplace is transparent, so everyone can see what loan requests have been submitted, and what loan quotes have been returned.
Is it … (28 comments)
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zillow mortgage marketplace: Zillow Mortgage Marketplace Launches: FREE MORTGAGE LEADS
- 04/03/08 03:33 AM
We've been hinting at it for a few weeks, but tonight I'm pleased to announce that Zillow Mortgage Marketplace has launched. Here's the 411:
How it works:
1. Borrowers fill out a form for free, entering their financial information but NOT their personal info. No name, email, phone # or Social Security #.
2. Borrower's loan request gets posted into the Zillow Mortgage Marketplace anonymously.
3. Lenders access free leads, choosing which loan request they want to respond to.
4. The borrower then decides which lender they want to reach out to, and contacts the lender via email or phone. In addition, borrowers can … (46 comments)
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I’ve recently blogged about Zillow Mortgage Marketplace and the fact that it has proven to be a terrific platform for lenders to connect with borrowers. Unfortunately this is one of those products where success doesn’t necessarily beget more success because borrowers aren’t prone to brag to their friends about this terrific place that they found a mortgage (yawn), and lenders aren’t likely to share marketing successes with their competitors. But occasionally a lender testimonial crosses my inbox that’s too good not to repost.
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