More (and More) Speculation About Zillows Mortgage Offering
March 7th, 2008 Categories: Mortgage News, third party destination sites, zillow
From the Zillow Blog regarding their pending foray into the mortgage industry:
To participate in this new product offering, lenders must have their professional status confirmed prior to connecting with borrowers, so we want to give lenders a head start on the process:
1. Register with Zillow, if you haven’t already.
2. Then apply as a lender, and answer a few questions about yourself.
3. While access to borrowers is free, a one-time application fee of $25 is necessary to cover the costs of having an independent third party confirm your professional and employment status to Zillow. This is the only charge to participate; there are no other fees.
Hat tip to Blown Mortgage for the screen shot…
Gut reaction:
Zillow is taking measured steps to insure mortgage professionals who wish to participate in their pending ‘mortgage lead network’ are actually licensed and of generally sound character (on paper), to which I say: Good call!
I’ve speed read about 5 articles regarding Zillows pending mortgage offering from the likes of Brian Brady, <a onclick="javascript:pageTracker._trackPageview('/outgoing/blownmortgage.com/2008/03/06/zillow-launches-mortgage-lender-sign-ups-points-to-a-new-way-of-consumer-control-of-mortgage-process/');" href="http://blownmortgage.com/2008/03/06/zillow-launches-mortgage-lender-sign-ups-points-to-a-new-way-of-cons