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Zillow Launches New Mobile Zillow Mortgage Marketplace App Zillow has launched its free Zillow Mortgage Marketplace App for iPad, a personalized mortgage research and shopping app designed especially for the iPad’s interactive, multitouch capabilities. Zillow Mortgage Marketplace provides a one-of-a-kind transparent lending marketplace where borrowers can connect with reputable lenders to find personalized loan options and get a variety of competitive mortgage rates, instantly. The Zillow Mortgage Marketplace App for iPad combines access to this innovative loan shopping experience with easy-to-use calculators and animated charts that allow consumers to understand and engage with every stage of the mortgage process, in one simple interface. “Shopping for a home loan can be complicated, cumbersome and not very much fun. Not to mention, a borrower could leave thousands of dollars on the table by choosing the wrong loan,” said Erin Lantz, director of Zillow Mortgage Marketplace. “Zillow Mortgage Marketplace for iPad takes a complex process and makes it easy to understand,
engaging and visual to help borrowers understand their options and find the best loan and lender for them.” Unique to the iPad app, use the “Get Pre-Approved” section to connect with preferred Zillow lenders who can preapprove borrowers for loans before they start shopping for a home. This is an important feature for buyers wanting an edge in today’s competitive housing market.
Ernst Releases New GFE Search Engine Upgrade Ernst Publishing Company has released a new version of its closing cost data search engine, Smart Query II. The new fully-customizable tool provides guaranteed-accurate fee and tax data with integrated geocoding, client-specified defaults and built in monitoring available via browser or any mobile device all for a single price per loan regardless of the number of searches. It’s the easiest to use and most affordable solution available on the market today providing the information lenders need to populate the Good Faith Estimate (GFE) and title providers need in creating the HUD-1. “This is the next generation of GFE fee calculator and it includes everything a loan originator needs to provide accurate
third party closing cost information to borrowers at the Point of Sale and any point thereafter, up to and including the closing table,” said Gregory E. Teal, president and chief executive officer of Ernst Publishing. “Industry regulators have made it clear that the days of not providing completely accurate loan information to prospective borrowers where and when they want it are behind us. This new offering removes compliance risk, increases a lender’s ability to attract and maintain loan applicants through the closing process and is easier to use than ever.” Smart Query II allows lenders to work smarter by getting the right data in seconds or less with the same accuracy, reliability and guarantee but requiring less information, reducing data input time. Integral geocoding allows Smart Query II to choose the right jurisdictions automatically, making every search faster and more accurate than ever before. Each search comes with Ernst’s data update protection, allowing users to know immediately if anything changes before the deal is closed. Smart Query II provides guaranteed fee
data for Blocks 4 through 8 of the GFE, for the preparation of the HUD-1 and with its new data sets, it can also provide information for the preparation of deeds, appraisal reviews, title reports and more. Ernst Publishing, which processes more than 120,000,000 transactions annually, has always had flexible pricing plans allowing lenders to search multiple times on the same loan for a set price. That policy will continue for this new product.
Your turn National Mortgage Professional Magazine invites you to submit any information promoting new “niche” loan programs, new products or any other announcement related to the introduction of a new program, to the attention of: New to Market column Phone #: (516) 409-5555 E-mail: firstname.lastname@example.org Note: Submissions sent via e-mail are preferred. The deadline for submissions is the 1st of the month prior to the target issue.
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MORTGAGE PROFESSIONAL MAGAZINE DECEMBER 2012