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LoanSifter Interfaces with Zillow.com
Thursday, November 20, 2008
LITTLE CHUTE, Wis., Nov. 20 /PRNewswire/ -- LoanSifter (www.loansifter.com) today announces that it has integrated into Zillow Quote API, an automated programming interface on Zillow Mortgage Marketplace (www.zillow.com/mortgage), a free lead service that allows participating lenders to automate custom quotes to anonymous borrowers who submit loan requests. The interface offers a perfect complement to LoanSifter, a premier product and pricing solution that offers more than 100 wholesale and correspondent investors' fast and simple best-execution pricing, automatically priced fliers and marketing materials, 100% customizable and SRP pricing, automated consumer quoting for lead generation, custom e-mail pricing campaigns for borrowers and referral sources, and rate trigger alters to monitor pipeline in real time.
Borrowers visiting Zillow Mortgage Marketplace can anonymously submit loan requests, and within minutes, receive custom loan quotes from lenders, for free. Zillow Quote API provides a way for lenders to streamline the process without compromising the customization of the quotes for borrowers. Once a request is submitted by a borrower to the Marketplace, lenders using the API will receive the full set of details the borrower entered in an automated fashion. They will use their pricing engine, including LoanSifter, to instantly create custom loan quotes based on the detailed information the borrower has provided. Then, the quote is automatically sent back to Zillow for the borrower to view. Two-thirds of participating lenders have been contacted by at least one borrower after submitting quotes.
"We're pleased to welcome LoanSifter as our latest integration provider for Zillow Quote API," said Lloyd Frink, president of Zillow.com. "This integration will open up another door for more lenders within Zillow Mortgage Marketplace to service a larger number of borrowers, ultimately helping them gain business, and helping the consumer benefit from the most competitive rates available at any given time."
"We believe our interface to Zillow Quote API will improve the experience for the lenders who utilize LoanSifter," said Bruce Backer, president of LoanSifter. "For lenders, the interface will enable them to provide a greater number of quotes, faster, as well as more options in rates; and borrowers can choose the right loan and lender for them. This efficient 'give and take' of timely market data provides significant benefits for borrowers and lenders alike."
About LoanSifter
LoanSifter is the industry's most comprehensive comparison search for mortgage pricing and pre-approvals. LoanSifter is a fast, customizable web-based technology focused on the product decisioning and pricing needs of the loan origination market. For more information, call 920.687.1222 or visit www.loansifter.com.
SOURCE LoanSifter
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