Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.
Lender rating
Since January 2009
How about the suggestion about allowing the borrower to indicate whether or not they have VA eligiblity?
Lender rating
Since January 2009
Cool thanks. And good job cleaning up today...
David - I can not pull requests state specific. I put in NY and still receive multiple states. Is this a problem on my end or is there a bug to be worked out?
6/20...next year?
Thanks for the further clarification. Will flag them.
Lender rating
Since November 2009
David, as far as VA eligiblity goes, I've never come upon anyone asking for a VA loan that wasn't military or couldn't qualify for it. So the question as to how we know if the borrower qualifies is probably more or less a mute point.
I think if you just ask if they are Eligible for VA that would be sufficient. I'm sure more will chime in on it, but I think that is sufficient.
Lender rating
Since January 2009
One question. Are you a veteran?
David, the ablity to show a credit needs to be retained. It's very common for the YSP to cover some, all or more than the broker compensation, appraisal and wholesale lender fees. I have been flagged for showing $0 fees prior to the ability to show a credit when the net lender fees were truly being completely paid out of the YSP. Why would this important capability be taken away?
Bill- say that it will be credited at closing, but it is still a fee- actually, even more so as you are charging a higher rate, one would assume. Let's take a quick look at some of your quotes... ;)
Lender rating
Since January 2009
Responded to your email regarding the VA question David.
Thanks for the consideration.
Oh, I thought you looked familiar Bill. You had that funky 'realtor rebate' thing going on. Hmmm... not sure what to tell ya then, as it's obvious that zero-fees is the name of your game... darn.
Lender rating
Since September 2009
Lender rating
Since September 2009
David,
One more thing: when are you going to bring back Nida? :-)
Lender rating
Since September 2009
Well, well, it is Socialist. Glad to see you out and about . .
Lender rating
Since September 2009
Great!
David-
For VA, are you eligible for VA loan is the question (lots of widows are eligible and aren't veterans). Also, have you used your eligibility before (that affects funding fee) and do you have any VA related disabilities (that makes them exempt from funding fee). That should do it.
Lender rating
Since August 2009
David,
I notice many lenders with 15 and 30 day quotes. While it's not impossible to close that quickly, many purchases (at least here in NJ) take 45 days, 60 days or more. Having been a broker previously, and now working for a bank and seeing the wholesale quotes, I know that some of the quotes are priced so tight that there may not be any real profit. Buyers though see a low rate now and assume that lender will have the best rate when they lock in 15 days from closing. Is there any way to even out this playing field by having lenders show 60 day quotes?
Thank you
Poor choice NJ. I don't think I have EVER done a 60 day quote. Maybe once or twice a 45 day. Almost always a 30 day and I close on time easy.
Featured Rates are based on state rates for 30 year fixed loans and are valid for the date shown, but they may change without notice. They are for consumers with a credit rating of 720 or higher and a 20% or higher down payment. Rate, terms, pre-paid finance charges, and APR may vary based on factors such as creditworthiness of the applicant(s), self employment status of the applicant(s), condo or townhouse structure, loan amount, and geographic location of the property.
If a lender does not offer a national rate, a state rate may be shown next to the lender's name. For example, 'Bank name (CA)'.
... and, it's free and anonymous
Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy
New fees, changing fees and what Zillow expects of lenders ...
David Gibbons, "DavidG"
Seattle
Contributions: 1066
View full profile
1) To be clear, Zillow still requires that lenders submit accurate financing fees with their quotes. The section 800 fees must be accurate and complete on all loan quotes you submit. This is unchanged since ZMM launched. The code of conduct still applies and moderators will continue to enforce accuracy and honesty.
2) We still need your help identifying inaccurate quotes via flags but going forward, please only submit flags relating to the accuracy of the financing (section 800) fees.
3) Our goal was for APR's and quotes to be as comprehensive as possible but we went too far. Quotes will retain the 1100, 1200 and 1300 sections but those are now optional and we will be separating them from the financing fees. Again, this separate section of the quote form will be optional for lenders and won't impact the financing fees in the summary view. We will make it clear to both lenders and borrowers that it's optional. We're currently planning for these changes will be live by 11/20. I understand that there will be some confusion between now and then and apologize for that in advance.
4) I suspect that most lenders will revert to only submitting the section 800 fees. That's perfectly OK (as long as they're accurate.) That said, every one of these fees were requested by lenders at some point and so you are welcome to provide this additional info if you want to. Likewise, some of Zillow's API partners will populate these optional sections and others won't.
If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.