Zillow Opens Mortgage Marketplace

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Zillow is a tool that's been around for some time, good for researching the value of your home and those in your neighborhood - or anywhere else really. Now they've added a new, very welcome function. Their Mortgage Marketplace allows users to enter the essentials of what they are looking for (loan type, location, estimated property value, credit history) anonymously. No contact info is needed or shared. Then, lenders make competing offers that you can evaluate side-by-side. Only certified lenders can make offers, but they can all view what's out there. Nice for when you're exploring the marketplace but don't want follow calls, emails, smoke signals or any other way aggressive loaners pursue their prey. One other nice feature - borrowers can rate lenders and leave comments, forcing the lenders to keep it honest and allowing borrowers to make better informed decisions.

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