quote:

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Originally posted by racerx

This is kinda funny!!

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quote:

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Originally posted by Banker0679

this one lol

ask them if they're on BO

quote:

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Originally posted by KHufford

Type: 30 year Fixed
$2,654 Monthly Payment
Interest rate: 6.0 % (6.03 % APR)
Lender fees: $3,205
Origination .5% $2000
Processing $695
Underwriting $400

Note From Lender

PLEASE BE AWARE OF OTHER BROKERS ON ZILLOW PROMISING THE WORLD..... ASK YOURSELF "CAN THEY REALLY DO THAT"? THE ANSWER IS "NO". Most of these brokers are trying to underbid the next with rates and programs that don't even exist.....
I am in the business to build relationships and lasting mortgage business. I will treat you the way I want to be treated...Fair and Honestly!! Call below or you may fill out a quick application at www.

WE ALLOW 6% SELLER CONCESSIONS TO BE PAID TOWARD CLOSING COSTS ON PURCHASES!! HAVE THE SELLER PAY YOUR CLOSING COSTS...

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quote:

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Originally posted by lisa20

Unfortunately all of those LO's just paid good money for your Fake lead.. and yeah I am sure a few of them are here on BO.

Lisa Kelly

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quote:

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Originally posted by lisa20

Unfortunately all of those LO's just paid good money for your Fake lead.. and yeah I am sure a few of them are here on BO.

Lisa Kelly

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quote:

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Originally posted by lisa20

They are not my competition. So it don't matter to me.. But someone, somewhere, paid to receive that quote, whether is 25 bucks or whatever.. and yes they "might" be able to get a re credit. But thats up to that LO to dispute.

Lisa Kelly

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quote:

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Originally posted by lisa20

They are not my competition. So it don't matter to me.. But someone, somewhere, paid to receive that quote, whether is 25 bucks or whatever.. and yes they "might" be able to get a re credit. But thats up to that LO to dispute.

Lisa Kelly

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quote:

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Originally posted by AGreene00

6.3% on a 5/1 ARM? What a saint that LO is!

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quote:

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Originally posted by mojojojo_1

GOOD STUFF! what would your lender comment be? im thinking about one right now

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quote:

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Originally posted by ppulatie

pick any of them who show APR's lower than the note rate. You can sue them later.

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quote:

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Originally posted by goodguy1

the problem with the "pitch" is that it is all interpretation.

First of all, the "client" is looking at numbers, then they try to identify with something that is "said" to make them call that broker.

I've done the automated response in the past and changed it up many times..never sounded perfect to me either.

Nice work Kyle...now get back to work ; )

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quote:

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Originally posted by Captain Mortgage

Is it just me or do most of those APR's come out way way too low?

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quote:

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Originally posted by EquitySmart

quote:

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Originally posted by Captain Mortgage

Is it just me or do most of those APR's come out way way too low?

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I agree. Maybe these brokers are using the old trick of leaving out fees that "are not exactly known yet" to bait and switch the borrower by saying they will provide a more accurate GFE and TIL later "when we know the exact amount of fees" ...

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quote:

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Originally posted by steve30p

I'm fairly certain that the LO is not the one posting APR. It's calculated on Zillow's end, which, I'm sure is about as accurate as their 'zestimate'...

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quote:

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Originally posted by KHufford

I put in a false scenario to Zillow's mortgage quotes section, this is how they describe it; I will post all of the quotes and what LO's say/promise..should be interesting!




I asked for this loan:

Type of loan you need:
Purchase
Loan program(s) of interest:
30 year fixed, 5/1 ARM, Interest Only
Estimated purchase price:
$500,000
Estimated down payment:
$100,000
Your loan amount:
Purchase price minus down payment
$400,000
First-time home buyer:
no
Accept a pre-payment penalty:
no
When loan is needed:
Within 30 days

Property

Property location:
Scottsdale AZ 85255
Property type:
Single family home
Property usage:
Primary residence
Plans to live in the home:
Less than 5 years

Borrower

Credit history:
Fair (640 to 679)
Credit score:
none given
Bankruptcy in last 7 years:
no
Foreclosure in last 7 years:
no
Self-employed:
no
Income can be documented:
yes
Income:
$125,000 Annual

Monthly Assets and Debts

View debt details Debts:
$350
Minimum monthly credit card payment:
$100
Car payment:
$250
View asset details Available assets:
$175,000

With Zillow® Mortgage Marketplace, you're in control: You remain anonymous to mortgage lenders throughout the loan request and quote process — no one will call you or e-mail you -- until you want to make contact.

How it works:

1. Create a Mortgage Request
You create an anonymous mortgage request to purchase a home, refinance, or take out a home equity loan. Your name, address, phone number or Social Security number is not required. However, you need to be accurate in providing other background information — such as the type of mortgage loan you want, your income level and an assessment of your credit rating — through Zillow's secure system. Being truthful and accurate is important and required under our Code of Conduct. Lenders see your anonymous request and begin submitting real mortgage loan quotes to your private account on Zillow.
Borrowers fill out a mortgage request, which is anonymous to lenders, as accurately as possible and include information about the property, credit history, income, assets, and debts and then submit it into an open marketplace of mortgage lenders that compete for your business by providing competitive rates and good customer service.
To protect your anonymous information, Zillow Mortgage Marketplace uses a Secure Socket Layer system (SSL) to encrypt your entire session. SSL is an industry standard for keeping data and information secure and is used by lending companies, banks, and credit agencies.
Lenders review mortgage requests from borrowers and submit mortgage quotes for those requests. A mortgage loan quote consists of an interest rate with specific lender fees, easily broken down into average monthly payments that meets the requirements of a particular loan product (e.g., 30-year fixed rate). While we expect a lender's mortgage quote to be as accurate as possible based on the information provided by the borrower, the lender has not yet had an opportunity to verify the borrower's credit rating and other information in order to provide a Good Faith Estimate.

2. Choose the Best Quote
Based on the information you provide, customized mortgage quotes — from an unlimited number of confirmed mortgage lenders — will be sent to your private Mortgage Quotes section on Zillow. You will not receive "insta-quotes" done by a computer; these are hand-written mortgage quotes personalized to fit your loan request by confirmed mortgage lenders. Each lender that participates in the Zillow Mortgage Marketplace is required to divulge all quotes, rates, and fees in the mortgage quote that is returned to you. You compare the information provided — including rates, and lender ratings — and then you choose the mortgage lenders to contact.
A confirmed mortgage lender is a mortgage professional on Zillow whose professional status has been confirmed either by a leading independent third party hired by Zillow or by their mortgage institution. The review may include identity authentication, employment verification, broker license confirmation, and checking standard sources for complaints.

3. Contact the Mortgage Lender
Contact the mortgage lender you like — either by e-mail or phone — and ask more questions about the loan quote or begin closing your loan. Please remember that once you contact the lender through our site, your e-mail (identity) will no longer be anonymous to that lender. Later, you can rate the lender based on quality of information and service provided so other borrowers can learn about your experience with the lender.

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quote:

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Originally posted by riley1p

Hey Kyle,
I am a part of the zillow quoting group and I think you may be a little jealous that people are actually making some real business there. Yea, I see a lot of quotes that are so funny, but what is wrong with these quotes you have listed here? If a broker wants to do these loans at Par and just charge processing and maybe 1/2 to 1 point, then why shouldn't they do that? This is a bidding war on Zillow, thats the beauty of it..This allows the borrower to get the lowest quote possible. Go back and look at the responses left from borrowers on some of these brokers....Alot of them are good and the broker did what they promissed.
I quote my rates at par or maybe a little more and basically only make about $1000.00 per loan from there. If you are a one man show, then 10 loans a month at $1000.00 or more is pretty good in these times.
Why don't you stop making false requests on Zillow as it makes me wonder how much of your other business is crooked....

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quote:

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Originally posted by lisa20

Unfortunately all of those LO's just paid good money for your Fake lead.. and yeah I am sure a few of them are here on BO.

Lisa Kelly

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quote:

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Originally posted by KHufford

quote:

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Originally posted by riley1p

Hey Kyle,
I am a part of the zillow quoting group and I think you may be a little jealous that people are actually making some real business there. Yea, I see a lot of quotes that are so funny, but what is wrong with these quotes you have listed here? If a broker wants to do these loans at Par and just charge processing and maybe 1/2 to 1 point, then why shouldn't they do that? This is a bidding war on Zillow, thats the beauty of it..This allows the borrower to get the lowest quote possible. Go back and look at the responses left from borrowers on some of these brokers....Alot of them are good and the broker did what they promissed.
I quote my rates at par or maybe a little more and basically only make about $1000.00 per loan from there. If you are a one man show, then 10 loans a month at $1000.00 or more is pretty good in these times.
Why don't you stop making false requests on Zillow as it makes me wonder how much of your other business is crooked....

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Huh? jealous? Crooked? You are an idiot pal.

I was doing a case study to see responses and techniques and to share it with others, I never ripped anyone really or said I was pissed about anything. I just posted the responses. I did say some were weak, but thats all I said.

Chill out bro. real brokers earn their money and dont need to go Walmart style like you claim, in order to get biz.

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quote:

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Originally posted by racerx

But there are lots of Upfront Mortgage Brokers.

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quote:

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Originally posted by riley1p

Im an idot??? LOL....Dude you are a mess....What a loser....Why don't you pull your head out of you *** and do something worth while....Like let other brokers make a living and quit bashing them...... Good to know you have so much time on your hands to play nursery school games.....

quote:

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Originally posted by KHufford

quote:

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Originally posted by riley1p

Hey Kyle,
I am a part of the zillow quoting group and I think you may be a little jealous that people are actually making some real business there. Yea, I see a lot of quotes that are so funny, but what is wrong with these quotes you have listed here? If a broker wants to do these loans at Par and just charge processing and maybe 1/2 to 1 point, then why shouldn't they do that? This is a bidding war on Zillow, thats the beauty of it..This allows the borrower to get the lowest quote possible. Go back and look at the responses left from borrowers on some of these brokers....Alot of them are good and the broker did what they promissed.
I quote my rates at par or maybe a little more and basically only make about $1000.00 per loan from there. If you are a one man show, then 10 loans a month at $1000.00 or more is pretty good in these times.
Why don't you stop making false requests on Zillow as it makes me wonder how much of your other business is crooked....

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Huh? jealous? Crooked? You are an idiot pal.

I was doing a case study to see responses and techniques and to share it with others, I never ripped anyone really or said I was pissed about anything. I just posted the responses. I did say some were weak, but thats all I said.

Chill out bro. real brokers earn their money and dont need to go Walmart style like you claim, in order to get biz.

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quote:

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Originally posted by financeone

Kyle you seem a little agitated?

Good to see some of the quotes you received. I think very pertinent.
Thanks.

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