Zillow to Create Mortgage Market
Thursday, April 3, 2008
TechCrunch covered news of the new Zillow mortgage marketplace:
Borrowers submit just the essentials – what type of loan they need, where they’re located, their estimated property value, their credit history, etc – without divulging any of their contact info. Then certified lenders make offers that can be compared side-by-side.
Think of this new Zillow launch as LendingTree in reverse, where the borrower picks the lender.