Market Hazards You Avoid by Getting Your Loan from a Certified Network Lender on This Site

LOW-BALLING

Hazard: Luring borrowers with impossibly low price quotes, raising the price after they are hooked.

Protection Against Low-Balling: Price quotes are obtained electronically from each lender’s internal price system, leaving no price discretion to the loan officer.

MISPRICING

Hazard: Basing a price quote on assumed low-risk transaction features rather than the actual features of the transaction.

Protection Against Mispricing: You enter the transaction features used to determine the mortgage price.

INCOMPLETE PRICING

Hazard: Quoting the price as rate and points alone, ignoring fixed-dollar lender fees.

Protection Against Incomplete Pricing: Prices obtained electronically from each lender’s internal price system are always complete.

LAPSED PRICING

Hazard: Retaining undated lapsed prices on web sites when they are more favorable than live prices.

Protection Against Lapsed Pricing: The prices shown on the professor’s site are always live during business hours, and time-stamped otherwise.

NAME LENDER PRICE PREMIUM

Hazard: The extra charge levied by the largest and best –known mortgage lenders for the privilege of dealing with them.

Protection Against Name Lender Price Premiums: The group of Certified Network Lenders does not include any name lenders.

LOCK ABUSE

Hazard: Raising the price on the lock day on the pretext that it is a market adjustment.

Protection Against Lock Abuse: You can check your price on the lock date by accessing the lender’s internal pricing system.


AND IF SOMETHING GOES WRONG, YOU HAVE THE PROFESSOR IN YOUR CORNER!

Want to shop for a mortgage on a level playing field?

Why Shop for a Mortgage with the Professor?

  1. Receive His Help in Finding the Type of Mortgage That Best Meets Your Needs
  2. Shop Prices Posted Directly by His Certified Lenders
  3. Shop Prices Fully Adjusted to Your Deal
  4. Shop Prices That Are Always Current
  5. Get Him as Your Ombudsman Just in Case

Read More About the Support and Protections Listed Above

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