Comments on: Zillow launches Mortgage Marketplace http://probargainhunter.com/2008/04/03/zillow-launches-mortgage-marketplace/ News, Tips and Resources for Online Bargain Hunters Sun, 07 Sep 2008 13:17:51 +0000 http://wordpress.org/?v=2.0.4 by: Really http://probargainhunter.com/2008/04/03/zillow-launches-mortgage-marketplace/#comment-29893 Sat, 05 Apr 2008 14:23:32 +0000 http://probargainhunter.com/2008/04/03/zillow-launches-mortgage-marketplace/#comment-29893 The big difference as I understand it is that you don't have to supply your social security number and take a hit on your FICO for the request. Everytime you ask for an official quotation, the lender taps into your credit report and your FICO goes down. The big difference as I understand it is that you don’t have to supply your social security number and take a hit on your FICO for the request. Everytime you ask for an official quotation, the lender taps into your credit report and your FICO goes down.

]]> by: Yan http://probargainhunter.com/2008/04/03/zillow-launches-mortgage-marketplace/#comment-29880 Fri, 04 Apr 2008 21:05:07 +0000 http://probargainhunter.com/2008/04/03/zillow-launches-mortgage-marketplace/#comment-29880 The difference is in the way Zillow does things. They advocate openness and this is somewhat missing part from what the competitors offer. I love the anonymity and feedback system of the marketplace. Also, Zillow has the market for this to succeed. Look at eBay. What makes them so great is the huge amount of sellers/buyers they amassed. Many of their competitors offer similar functionality otherwise. Zillow is a very popular destination these days for homeowners, several millions every month, also, from what I read hundreds of real estate agents signed up to this even before the marketplace was announced. I don't claim I can see the future. Here are the current numbers off of the Zillow Mortgage Marketplace: <em>Currently on Zillow Mortgage Marketplace... 3698 loan quotes 4711 loan requests</em> Let's come back in a few weeks to see how they are doing. The difference is in the way Zillow does things. They advocate openness and this is somewhat missing part from what the competitors offer. I love the anonymity and feedback system of the marketplace.

Also, Zillow has the market for this to succeed. Look at eBay. What makes them so great is the huge amount of sellers/buyers they amassed. Many of their competitors offer similar functionality otherwise.

Zillow is a very popular destination these days for homeowners, several millions every month, also, from what I read hundreds of real estate agents signed up to this even before the marketplace was announced.

I don’t claim I can see the future. Here are the current numbers off of the Zillow Mortgage Marketplace:
Currently on Zillow Mortgage Marketplace…
3698 loan quotes
4711 loan requests
Let’s come back in a few weeks to see how they are doing.

]]> by: Alex http://probargainhunter.com/2008/04/03/zillow-launches-mortgage-marketplace/#comment-29878 Fri, 04 Apr 2008 18:23:28 +0000 http://probargainhunter.com/2008/04/03/zillow-launches-mortgage-marketplace/#comment-29878 I don't get it. What's so new or exciting about it? A lot of companies are doing similar thing - you submit info, get multiple quotes and choose the one you like. The only difference is that Zillow will let you contact the lenders not the other way around, but I don't see this as a big advantage. Am I missing something? I don’t get it. What’s so new or exciting about it? A lot of companies are doing similar thing - you submit info, get multiple quotes and choose the one you like. The only difference is that Zillow will let you contact the lenders not the other way around, but I don’t see this as a big advantage. Am I missing something?

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