Zillow Mortgage Marketplace Announces Distribution Partnership with Redfin
We’re thrilled to announce that today, Zillow Mortgage Marketplace is launching its first distribution deal with online real estate brokerage Redfin.
Visitors to Redfin’s Web site can now fill out a mini loan request form on the Financing your Home page of the site. This brings potential borrowers to Zillow Mortgage Marketplace, where they can complete the Zillow Loan Request Form and instantly get custom quotes—anonymously—from Zillow’s network of thousands of lenders.
By adding the Zillow Mortgage Marketplace experience to their Web site, Redfin is helping their clients navigate the mortgage process. Once borrowers submit a loan request, they receive, on average, 22 custom quotes from lenders nationwide. Borrowers can compare quotes on an apples-to-apples basis, inclusive of all lender fees, by using Zillow’s sort and filter tools. Lender reviews and ratings help borrowers choose the best loan and lender for their situation. After comparing quotes, borrowers decide which lenders to contact…lenders don’t call them.
Because loan quotes are customized based on each borrower’s unique situation, and since borrowers receive multiple loan quotes per request, borrowers increase their chances of securing a loan, and Redfin increases the probability that their client will be happy with every aspect of the home-buying process.
If you’re interested in adding Zillow Mortgage Marketplace to your site, contact Drew Meyers.
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