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Zillow, Any Scrutiny on Featured Lenders?

Profile picture for Georgia Loans
Elk Financial showing 4.5% - 30 Yr Fixed - 0 Orig - 0 Disc - $2000 fees, website shows 4.75%. Also, their rate/fees show a date of JANUARY 7. ??????? 
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February 16 2010 - China Grove

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There are guys quoting numbers similar to these on the sub 620 stuff too. Would be nice to have some sort of quality control.

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February 16 2010
Profile picture for Ice L.
Hi Clay -

Thank you for reporting and we will look into this.
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February 16 2010


Clay deserves a zillow sherrif's badge. At least zillow sherriff of China Grove.....
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February 16 2010
Profile picture for Georgia Loans

NC post hit your radar? I tried to make it from Beijing, China but Zillow changed it.

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February 16 2010
Profile picture for Colorado Lender
What is there to ''look into''?   Blatant BS....do they get a pass because they are ponying up the cash??????
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February 16 2010
Profile picture for Geoffrey ONeil
Nic,

Nobody gets a pass on false quotes or rates.

That being said, Zillow does not have the luxury of just taking everyone's word for it when something is reported to us. We look into every infraction and reach our own conclusions.

-Geoff-
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February 16 2010
Profile picture for Georgia Loans
You can take my word that no lender in the country has
 4.5%/4,56% APR today.
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February 16 2010
Profile picture for Geoffrey ONeil
Clay,

Nothing personal but all flags are investigated regardless of who reported it or what their reputation is.

-Geoff-
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February 16 2010
Profile picture for Georgia Loans
Goeff, today it is 4.375% / 4.43 APR 0 Orig  0 Disc $2000 fees for a 30 Yr Fxd, but their website says 4.75% / 4.8 something. You dont need to check rates with anyone, it is the difference between the figures on the rate table and their own website.
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February 18 2010
Profile picture for 203K Specialist

But clay they sent an e-mail saying they could offer that....They wouldn't lie to me!

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February 18 2010
Profile picture for Georgia Loans
In that case I think I will use it too
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February 18 2010
 
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DiscussionZillow, Any Scrutiny on Featured Lenders?
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