I have a start up idea
My idea is to provide an ability to find the best lenders in the market for your home purchase. It works on a reverse auction mechanism. Who is interested to work with me on this idea Pm 280k
Microsoft ggbbii Oct 1, 2023
I swear this has been done already
New
tsunamiii Oct 1, 2023I don’t think so. It would be hard to execute. Mortgage approvals take time and a lot of info, would be hard to give someone the best rate without going thru the process
Google Bardman Oct 1, 2023
Ahem ahem. #nerdwallet
Google 388sjje$ Oct 1, 2023
Isn’t this exactly what mortgage brokers do?
PayPal svos8zPL Oct 1, 2023
Yep. And they actually take even more into consideration. The lowest percentage isn’t always the right mortgage for you. They know which lenders will complete the underwing in time if you’re already under contract.
Dragos zvrq50 Oct 1, 2023
Congrats, you've just invented the mortgage broker.
Datadog moneydawg Oct 1, 2023
Weak
You’re better off either A. Selling leads to mortgage companies thru a funnel or blog site, or B. getting 1 mass credit app that works for all lenders then shopping it around and making money off the “points” or up selling the mortgage rate. Basically acting as a online broker