REtech Group LLC, a provider of transparent technology and marketing applications for the real-estate and mortgage consumer through the professional, and Jeff Corbett, a former mortgage industry insider and author of The XBroker blog, have launched RateSpeed, a transparent mortgage search engine that is based on a robust, proven, real-time data exchange platform.
Using the most common credit and financial risk factors that influence mortgage rates, RateSpeed will help mortgage professionals distinguish themselves in today's increasingly competitive environment by allowing consumers to anonymously search their existing wholesale lender pools with a single push of a button in order to find the best-cost mortgage loan, says RETech Group.
RateSpeed also stands to reduce mortgage professionals' marketing costs by automating the point-of-sale pre-qualification and communication process, delivering consumers who are ready to do business and generating referrals and repeat business. Finally, according to the company, RateSpeed will put mortgage professionals on the leading edge of the industry reforms being spawned by the current mortgage crisis – namely, greater mortgage loan transparency – by providing them with a future-proof, pro-consumer business model.
Source: RETech Group