Lenders: Get on Board Now with Zillow’s New Mortgage Offering
By: Jorrit Van der Meulen, VP, Partner Relations | March 6, 2008
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.
- Stumble it!
- Categories: Mortgages, Zillow
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Zillow is Starting it’s Venture into The Mortgage Industry | Personal Insights on Web 2.0, Blogging, and Business on March 6, 2008 10:47 pm
[…] Update 9:46 pm: Here’s the announcement on Zillow Blog. […]
Zillow Mortgages to give loan originators “absolutely free and unlimited access to consumers looking for a mortgage” | Mortgage Industry Blog on March 6, 2008 11:14 pm
[…] on the registration process. Morgan Brown focuses on what the registration process means as well. Zillow’s announcement. var […]
Catching Z-Z-Z’s Zillow on Mortgage | Rain City Guide | A Seattle Real Estate Blog... on March 6, 2008 11:52 pm
[…] Zillow’s blog: While we’re not sharing more details right now, we can say that we’ve built our product around […]
agentgenius.com- national real estate opinion column » Blog Archive » Zillow on March 7, 2008 11:00 am
[…] Zillow mortgage is about to launch and the first phase is already underway. Several industry bloggers have covered […]
Kevin Friedman on March 7, 2008 11:06 am
When the home owner goes upside down on their mortgage, who pays the postage for the jingle mail?
Zillow Looking to Get into Mortgage Origination | Housing Wire on March 7, 2008 12:44 pm
[…] latest come-hither teaser appeared on Zillow’s blog last night, courtesy of Jorrit Van der Meulen, VP of partner relations at the company. (We’re assuming […]
Time for a background check? Zillow Mortgage is… « 4realz.net on March 7, 2008 1:20 pm
[…] March 7, 2008 by Dustin …looking for mortgage brokers. […]
More (and More) Speculation About Zillows Mortgage Offering at The XBroker on March 7, 2008 8:22 pm
[…] offering from the likes of Brian Brady, Morgan Brown, Greg Swann, Todd Carpenter and on the Zillow blog itself. Since I’ve link loved to enough speculation to keep even the most rabid tabloid […]
Real Estate Web 2.0: Epiphany — Thanks To Kevin Kelly | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments on March 8, 2008 8:24 am
[…] have to stretch a bit with “authenticity“. I’ll relate this to Zillow’s recent announcement of Mortgage connections being screened up front. This is a great generative value that’s been overlooked. NAR and […]
Teresa Boardman on March 9, 2008 1:51 pm
Do they Zestimate the interest rate?
Zillow Giving Out Free Mortgage Leads : on March 15, 2008 6:08 am
[…] is not yet revealing the whole strategy, but here is a peek at what to expect from Zillow Mortgage: “…our new mortgage offering is coming soon. While we’re still several weeks away […]
Ron on April 11, 2008 12:04 pm
Loan Modification on May 30, 2008 6:13 am
I feel this Zillow service will be great. If it does not go in the direction of a lowermybills or lending tree route. That way of doing business is gone with the subprime wind.
Moe Bedard
Home Loan Forum on May 30, 2008 6:18 am
Zillow is a great service and I feel they will do awesome with this new prduct to assist consumers with their home loans.