Zillow Advice RSS: Question-Discussion-Guide,Mortgage,

Zillow Mortgage Marketplace Pricing/Policy Change

Thu, 05 Nov 2009 17:17:00 GMT

Dear Lenders:
As communicated previously Zillow Mortgage Marketplace is introducing a new, market-based fee system for customer-initiated contacts. You will still be able to submit an unlimited number of loan quotes for free, but you will be required to pay a market-priced fee when borrowers contact you regarding your quotes.

During this set-up period, you can pre-fund your Zillow account. A minimum of $250 is required to set up an account.

When you receive a contact, Zillow will subtract the price of that contact from your account balance. All contacts will be priced at $0 during the set-up period.

On December 9th, the set-up period will end and the market-pricing mechanism will be turned on. Lenders who fund their accounts prior to December 9th will receive 25% off all contacts received during the first 30 days after the market-pricing mechanism is turned on. Lenders who do not have funded accounts by December 9th will not be able to submit quotes or receive contacts from borrowers.

To add funds to your account visit Lender Home or e-mail our mortgage team at mortgagesales@zillow.com or call 1-877-661-3171.

167 replies

Zillow Mortgage Marketplace Pricing Postponed Until January

Wed, 02 Dec 2009 20:18:00 GMT

As communicated previously, Zillow Mortgage Marketplace is introducing a new, market-based fee system for customer-initiated contacts. You will still be able to submit an unlimited number of loan quotes for free (with a pre-funded account), but you will be required to pay a market-priced fee when borrowers contact you regarding your quotes.

This e-mail is to announce that the set-up period for this new system has been extended until January 13, 2010, because we need a little more time to complete our coding. All contacts will continue to be priced at $0 until January 13.

50 replies

Show Off Your Zillow Ratings and Reviews

Fri, 20 Nov 2009 23:49:00 GMT

We're excited to announce a new reputation widget that confirmed Zillow lenders can put on their Web site or blog. The widget showcases some of the great customer reviews and ratings you've received from borrowers you've quoted on Zillow Mortgage Marketplace. When users click on the widget, they go directly to your Zillow profile page.

The widget is easy to install:

    * Select a widget version, wide or narrow
    * Choose up to 3 reviews you want to display
    * Copy and paste the code to your Web site or blog

Your average rating and number of reviews will be pulled directly from your Zillow profile. And, you can choose to include your Confirmed Lender and All Star badges (if applicable) at the bottom of the widget.

Get your reputation widget

24 replies

Three New Changes to Zillow Mortgage Marketplace

Thu, 05 Nov 2009 17:52:00 GMT

Today, we are excited to announce three new changes to Zillow Mortgage Marketplace. We made these changes based on vauluable feedback we received from many confirmed lenders, and we are confident they will help improve Zillow Mortgage Marketplace for both Lenders and borrowers.

1. Lenders can now search for loan requests based on eleven narrower credit bands. The 11 new credit bands were modeled after Fannie Mae and Freddie Mac guidelines and lender suggestions.

Old Credit Bands

New Credit Bands

66 replies

No spam or self promotion please

Thu, 09 Jul 2009 17:31:00 GMT

Reminder:
While we welcome all your answers, comments, and advices, we ask that you refrain from posting your contact information on this board. Your profile page should include this info and users have access to it if they have to see more information about you or your services. If you are looking for ways to advertise, I would recommend our Showcase Ads.

Thank you.

0 replies

Can we get a loan? We are both students UW, work part-time, income 38,000 yr. plus get school finaid

Mon, 07 Dec 2009 10:32:00 GMT

We make 38,000 a year between the 2 of us. We are both older students in PdD programs, plus we get 38,000 financial aid from school (grants and school federal loans) our total available income is $76,000
Credit scores are about 630 each. Can we get a loan? we currently pay in rent $2000 ...I mean we can at least pay that in a mortgage...any ideas??? We will also be first time buyers.

0 replies

I did not get any quotes on my loan request (ZR-PVNKYSP). Can someone help me figure out why?

Mon, 07 Dec 2009 09:33:00 GMT

0 replies

How long does it typically take to get a loan pre-approval?

Mon, 07 Dec 2009 04:01:00 GMT

I am interested in a USDA loan and am located in Georgia.

1 reply

Upping Credit Score quickly - specific question

Sat, 31 Oct 2009 18:41:00 GMT

We are trying to get approved for a mortgage and have a credit score that falls too low. We also need to worry about a debt-to-income ratio, and of course getting the best rate down the line. We have about $8000 we can use to pay down some of this credit card debt for purposes of doing a rescore very soon. Our inclination is to pay down to $0 the card 1,4,5 balances. This will lower the DTI. Would this be the best use of this $8k?

Outstanding | Monthly Minimum | Balance | Credit Limit
card 1) | $400 | $2300 | $5000
card 2) | $400 | $10600 | $11000
card 3) | $500 | $23200 | $24000
card 4) | $100 | $1700 | $5000
card 5) | $100 | $3300 | 7500

4 replies

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Mon, 07 Dec 2009 06:32:00 GMT

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0 replies

Anyone use AimLoan.com?!?!

Fri, 02 Jan 2009 16:22:00 GMT

Not spam - please do not flag.

I am curious if anyone has used AimLoan.com to purchase or refi. I have seen quotes from them that are anywhere from .25% to .5% lower than quotes I have received from lendors.

I cannot find much information about them online (such as reviews) so it makes me a little suspect.

I'm looking to refi to get a lower interest rate and save some $ monthly. Dont want to pay closing costs - I want them rolled up into the loan.

88 replies

Just lost job and I am wondering if we qualify to refinance under the Obama plan. How do I do this?

Mon, 23 Nov 2009 18:19:00 GMT

7 replies

How long can I apply for a mortgage after a short sale,

Sun, 06 Dec 2009 22:39:00 GMT

3 replies

UNDER 620 Credit Score MORTGAGE Loan Low Credit Score Mortgage Refinance and Purchase

Tue, 22 Sep 2009 07:01:00 GMT

Hello Homeowner,

[content removed by moderator for being self-promotional]

83 replies

Number of Properties Financed

Sat, 07 Nov 2009 03:41:00 GMT

Are their any programs available for investor purchases over fannie mae 4 limit? Only ones i can find are portfolio loans from commercial lenders which are 5/5 arms amortized over 25 years and are to be re-negotiated every 5 years and carry a pre-payment penalty or 1 year arm with no penalty. Also the rates are on the higher side.

6 replies

Do we still have "piggyback loans" in Ohio? The 80% 1st mrtg /10% HELOC /10% down type? Let me know!

Sun, 22 Nov 2009 19:02:00 GMT

I have a house under contract, for which I am looking for a piggyback loan, the 80-10-10 types. I have excellent credit, as well as can put 20% down, however i would rather put 10% down at this time.

Do we have such lenders in Ohio, and in particular in Cincinnati?!? Let me know!!! need help!!!

1 reply

Looking for a foreign national lender for a UK borrower. Purchasing a condo in FL.

Wed, 02 Dec 2009 01:13:00 GMT

The condo is in a 4 story building (not high-rise), established community, and the purchase price is $281,000.

5 replies

How do I refinance from a conv loan to commercial? We have turned our home into a B&B.

Sat, 05 Dec 2009 17:45:00 GMT

We have a first (6.875%) & second (8.365%) with Wells Fargo. We owe $260K on the first and $140K on the second. Our home is valued at $ 767. We have very good credit scores (700's).
We are retired w/ social security and rental income of $3,600/mo. The problem is that we are now operating a B&B in our home from which we gross $4,000 a month. We cannot get a conventional loan. We are told we need to get a commercial loan. Where do we go for a commercial loan? Is the interest rate higher?

3 replies

I did not get any quotes on my loan request (ZR-RCMQRGP). Can someone help me figure out why?

Sun, 06 Dec 2009 18:52:00 GMT

We are working on improving our scores. We know we have somethings to take care of but is there anyway possible to find even if high interest rate a loan for us

2 replies

I did not get any quotes on my loan request (ZR-TDXRVBM). Can someone help me figure out why?

Sun, 06 Dec 2009 23:48:00 GMT

1 reply