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.

138 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

56 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

17 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

How can I improve my loan request? I am open to higher down payment, improving credit score, etc.

Mon, 30 Nov 2009 05:24:00 GMT

19 replies

Are any lenders in Ca. doing the 125% refis through the making home affordable plan

Tue, 01 Dec 2009 06:50:00 GMT

0 replies

Adult Acne ? How To Deal With It

Tue, 01 Dec 2009 06:46:00 GMT

Acne is common in teenage and during pregnancy, when it occurs on adults it is a very stressful situation for them, as the society does not approve acne or adults.
acne tips, adult acne, adolescent acne, skin care
http://www.za77.org/Article/Adult-Acne---How-To-Deal-With-It/7935

0 replies

Are there any major concerns with using a lender based out of state?

Mon, 30 Nov 2009 19:21:00 GMT

I am receiving plenty of quotes from lenders out of state, without offices in my area. Is it a good idea to close with a lender I won't meet?

8 replies

How much is Zillow's fee for acting as a "customer-initiated contact"?

Mon, 30 Nov 2009 19:44:00 GMT

12 replies

What are my options for refinancing

Mon, 30 Nov 2009 11:34:00 GMT

I'm in Portland, OR, 30 year loan originated last year has a balance of 400k, interest at 6.5% with lender paid PMI. My LTV is likely still greater than 80%. We have excellent credit, can I refinance?
Thanks in advance,
Terence

5 replies

Homeowners insurance

Tue, 01 Dec 2009 02:11:00 GMT

What is a reasonable estimate for homeowners insurance (assuming I don't have any expensive personal items?). I've heard 1.5% of the asking price is a reasonable assumption. Is this true?? Sounds like a lot to me. (eg If I have a 300K property that would mean annual homeowners insurance of $4500!)

4 replies

In order to refinance $232,000.00,what does my house have to appraise at? I do not want any cash bac

Tue, 01 Dec 2009 04:04:00 GMT

6 replies

Bass fishing Tips, Tricks and advice

Tue, 01 Dec 2009 04:55:00 GMT

At Bass Fishing Techniques Our mission is to give you the facts you need about Bass Fishing. We get our facts both from our own experiences and from our readers who send us their views via email.
http://www.bassfishingtechniques.net/about-us.html

1 reply

How long should a FHA refi with cash out take. We have credit scores of 800 and low debt to income.

Tue, 01 Dec 2009 04:58:00 GMT

1 reply

FHA mortgage refinance help

Mon, 30 Nov 2009 23:34:00 GMT

We've had a FHA loan with an interest rate of 6.75% since July 2008. We've been late once possibly twice. Our credit scores are 566 and 576. My husband is currently permanently laid off and is returning to school full time as a dislocated worker. Is there anyway we can do a streamline refinance or some type of refinance to reduce our interest rate, the main goal would be to reduce our monthly payment.

2 replies

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

Tue, 01 Dec 2009 03:44:00 GMT

I keep hearing that FHA loans are not based on credit scores. I'm recently divorced (1year) and ex ruined my credit (currently FICO 583). I will be able to pay off majority of a 170K house loan within 1-2 years. I would put 45K down. Is there any other way to get a home loan? I'm running out of time. My combined yearly salary (with child support) is 79K per year. I have a rental property in my name that would net at least 100K. 25K in 401K. NO DEBT!

1 reply

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

Tue, 01 Dec 2009 00:49:00 GMT

1 reply

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

Tue, 01 Dec 2009 02:41:00 GMT

there is a home on 634 outside of Fort Jennings an the asking price is 30,000 that would be perfect for me and my kids. What is it that is stopping me from getting this loan?

1 reply

Do these rates look kosher?

Mon, 30 Nov 2009 22:41:00 GMT

https://www.zillow.com/mortgage/QuotesReceived.htm?request=ZR-BMLJZDQ

30 year FHA... 4.375% seems low... How can I tell if there are points?

9 replies

Does FHA mean low standards?

Mon, 30 Nov 2009 15:46:00 GMT

I'm being relocated and I've been looking at houses for a few months in the new area. I've found a new development that I like with a couple of possibilities. There are many empty lots and I'm worried about the economy and the builders stability.

The houses are in the $200k range, moderate for this area, but now I see that the builder is advertising 100% FHA qualifying for the houses. Does this mean that they are starting to lower the standards to attract more buyers? I'm concerned that as the development builds out that they won't maintain the same high standards and I'll lose value of my property.

8 replies