zillow relies on self-ratings, then matches that data with lender fed rates/programs.

those in the mortgage game know a few hings 1) the consumer has only limited knowledge of his actual mortgage decision 2) has no idea of the decision cells and the nuances of Fannie/FHA and Jumbo and the biggie 3) the mortgage decision changes monthly!

Zillow is another version of old industry.

Home-Account is actual data with one eye always on the next transaction. It makes you future ready.

and..how about recommendations that are based on metrics not human basis?

and…how about the subscriber always knowing..without having to know…it software so its automatic.

quicken has the standard fees (sometimes higher) and interest of old mortgage industry–long term debt.

Plus, I like there statement–the consumer pays. In the age of bailouts (someone else pays) and old mortgage industry (kickback from higher in the value chain), not only will consumer see and like, but so will the taxpaper.

What’s needed to solve this financial crisis is clarity–home-account tells the homeowner exactly what it is…it refreshing relative to many of the start-up names that you say wtf.

this service is an absolute bullseye.

just from the prior comments, it’s obvious that homeowners do not understand the mortgage transaction.

america has been conditioned to micromanage their mortgage based on a di-tech ad on tv or a ‘bait’ rate they see on the internet from some lead-gen outfit.

while the mortgage decision in America has been commoditized, the numbers that underpin the decision (credit scores, qualifying ratios, reserve requirements) change monthly.

to further add to this dynamic, property values change quarterly, consumer income changes annually, and the national underwriting grids (Fannie, FHA, Jumbo) are in constant flux–and some homeowners attempt to stay on top of this.

the average consumer is refinancing every 2-3 years because of this changing mortgage decision. This technology is a more cost effective way to manage these transactions.

this service provides 24/7 data, smart alerts based on exact data that advise the homeowner when to refinance based on numbers not humans, and ‘broker free’ marketplace that encourages low cost closings. This allows subscribers to take advantage of small changes in interest rates without diluting hard earned equity—All without having to think about it AND its automatic.

it’s certainly no quizzle—quizzle is simply a feeder mechanism to quicken loans which has the same self interest as all the old mortgage industry–fees and long term debt.

at Home-Account, there is no man behind the curtain (at least I haven’t found him)…nor is there even a curtain.

The other internet lead-gen services??? simply, multitudes of co’s that provide ‘blind quotes’– general quotes without microanalysis that most of the most credit worthly cannot qualify for–due to ratio requirements on the Fannie/Freddie, FHA, or Jumbo underwriting grids and/or prohibitive mortgage insurance requirements.

Home-Account.com and similar technology will be the clarion call for the homeowner to finally understand the mortgage decision and to know they can control it.

This value prop is big when one considers the average closing costs now in the US at $3-6K per closing.

I believe Home-Account and similar technology is what the homeowner is shouting for.

Glad its working out for you guys. Our recent experience at Zillow Marketplace was, em, a bit different. Wish you the best!!! Daniel

Thats what we thought too until we spent the past two years and identified all of the slop and payola in the mortgage market. If you want to pay full price at Bloomingdales go for it…but if Walmart has the same product for 30% less…you wouldn’t buy it. Stay tuned dude!

the reason people feel compelled to shop is that if you make 5 calls to 5 different mortgage companies, you probably get 5 different answers.

rate changes, fees, points, fannie and freddie “delivery fees”, etc all combine to make shopping for a mortgage confusing and difficult for the average borrower.
if you can convince the borrower that one stop shopping at home account will get him the best deal, you may have something going here.
bill

You get the idea.

How can I help you? I just checked out logs and we had no record of your call. Did you not leave a message and call back number. Free free to email us at support@home-account.com for anything you may need. Daniel.

Hi, it’s David from Zillow. Sorry to have to say so but you no clue what you’re talking about here.

Loan quotes on Zillow are 100% customized to the borrower’s scenario. That means that borrowers do qualify for the low quotes you receive on Zillow … and it’s free … and there’s no limit to the quotes you get or lenders that quote you. Check it out (go to Zillow and click the mortgage tab.)

Good luck with your business. In future, please do your research before flinging FUD at us.

Seth –

You’re right. You’d be wasting your money and you’d probably not get the best loan for you. A website or algorithm is never going to pick exactly the best loan for you (just like the Zestimate will never be the exact price your home sells for.)

So you want to go where you find the greatest selection of loan quotes from trusted lenders to choose both the best lender and loan for you. I may be biased but I’d be surprised if you find a better solution for that than Zillow Mortgage Marketplace.

Incidentally, Quizzle also gives you free mortgage recommendations based on your personal situation and will manage your mortgage for you by constantly monitor the rate environment to let you know if a mortgage ever becomes available that will better your situation. All of this… for FREE (no subscriptions, no b.s. “trials,” no catches, no spam).

I’m the cofounder of SmartHippo. I think you’re confused about how SmartHippo works.

SmartHippo is the first open, transparent marketplace for mortgages where consumers can use the power of the community to find the best rates and save money.

We use criteria such as credit score, location and loan to value ratio to only show rates the consumer qualifies for. We let any lender feed us rates for free and those with the best rates and best consumer feedback float to the top.

We don’t “push” lenders onto anyone. We let consumers make their own decision, and we never ask them for any identifiable information, much less charge them a fee, to do it.

Good luck with the business.