Captains Log, Stardate 6272008…
June 27th, 2008 Categories: General
Crazy week meeting and talking to the typical disparity of lovers and haters in the quest for mo-better, accurate access to mortgage information…In any case, I’ve made the acquaintance of some very progressive people in and around this space and looking forward to announcing some affiliations in the coming weeks leading up to Inman Connect San Francisco.
Our beta group is almost full, we’ll be making proper announcements soon.
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Most common question/statement/epiphany of the week: You can provide agency guideline specific pricing????
Yes. While not perfect yet, RateSpeed is the only application of its kind (to our knowledge) that will take into consideration Conforming, Alt-A and Sub Prime (FHA very very soon) agency specific guidelines when returning a rate and pricing quote.
Why is this important? Accuracy and choice. Many other pricing engines only consider a few pieces of criteria when searching for and returning loan quotes, which can be misleading or lead to undeliverable pricing quotes, or they simply return ‘no results’.
Why don’t other applications (pricing engine companies and similar products) provide this level of detail? Not only do rates change daily (as often as 3 times) but program qualification guidelines change very often too. The sheer magnitude of data that needs to be updated and maintained is simply too prohibitive for others to deal with. In other words, they can’t…so don’t settle for a watered down version of a transparent mortgage program, rate and pricing search engine. Remember: You get what you pay for…
Thought for food:
Real estate professionals love the idea that they can feature RateSpeed on their sites too…If you’re a mortgage professionals looking for a way to differentiate yourself in the industry, streamline your business processes and maximize your marketing reach, apply here and we’ll help you spread your seed…
Back to my cave…
