Associated Press (04/03/08); Elphinstone, J.W.
Zillow.com, which got its start two years ago as an online property valuation site, is expanding its reach into the world of mortgages. Prospective borrowers who log on to the site and complete a comprehensive loan request form will receive quotes and rates from registered lenders, which undergo background checks from Zillow. After receiving the quotes, Zillow.com users--who do not have to provide any identifiable information--then have the option to initiating contact with lenders and also to rate them. Not only will the arrangement facilitate and expedite mortgage quotes, says Zillow, it will bring additional transparency and information to the mortgage application process.
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