Yes, that’s right– our new mortgage offering is coming soon. While we’re still several weeks away from an official launch, effective today, lenders can apply to be one of the first through the door to obtain free, instant, and unlimited access to Zillow consumers who are shopping for a loan. That’s right, FREE access. How, you ask, do you get started?
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.
Why register early? The confirmation process can take up to several days. By registering early, lenders ensure they will be among the first to be notified when the product launches and ready to service borrowers on Day 1. We’ll also send out an e-mail to all pre-confirmed lenders giving them notice immediately after launch.
While we’re not sharing more details right now, we can say that we’ve built our product around Zillow’s model of openness and transparency that is increasingly important in today’s home lending environment. And, consistent with our information-based model, we have no intention of being part of the transaction. After speaking extensively to both consumers and mortgage professionals about the product, we’re confident that all parties will ultimately benefit from Zillow’s unique approach to home lending that is unlike any other in the market today. So, if you’re a lender, I encourage you to apply today and be one of the first in line when we come out of the gate.
And if you happen to be in the market for a home loan, stay tuned to this space as we announce an entirely new kind of mortgage offering built just for you.
Source: zillow.com