Quantcast
PC World: Technology Advice You Can Trust
Techlog
News, opinion, and links from Editor in Chief Harry McCracken.
Recent entries in this blog:
Sunday, April 20, 2008 11:28 AM PT Posted by Harry McCracken

Mysteries of Lending Tree

Okay, so I'm trying to buy a house. As with anything I do, I naturally wanted to do as much of it as I could online. So when mortgage shopping, I signed up for Lending Tree--the guys with the TV ads involving bankers lining up to beg for the business of consumers.

So I guess I can't complain that bankers did, indeed, beg for my business--sometimes by calling me and sometimes by e-mailing me. I settled on a bank that I didn't find through Lending Tree, so when I just got another e-mail from a Lending Tree bank, I decided to tell Lending Tree to stop soliciting my business.

But when I tried to do that, I got a database error and the following message:

lendingtree.png

Apparently, Lending Tree thinks I applied for mortgage information in December, 1899. If I had, wouldn't I most likely have found a loan in the interim, and/or passed away? And therefore be less than an attractive loan candidate?

Comments

Hi, it's David G from Zillow.com.

I have a MUCH better solution for you ... Zillow Mortgage Marketplace is a few weeks old and already 13,000 borrowers have used the service to get anonymous custom loan quotes.

As a borrower, you remain anonymous on Zillow. There really is no need for lenders to have to know your personal contact details before they can provide you an accurate loan quote. On Zillow, you choose to contact the lender whose quote you like when you want to.

We decided to give lenders free access to borrower's loan requests. In an industry first, lenders can also see each others' quotes on Zillow and truly compete for your business. There's no limit to the number of lenders who can compete for your business on Zillow and attractive loans will often get 8 or more quotes in a day.

If you haven't decided on a lender yet, please check it out. http://www.zillow.com/mortgage/Mortgage.htm

davidgibbons
April 22, 2008
8:55 AM PT

Just don't go letting everyone run your credit report because by the time you actually go for the loan, your scores will drop.

Rosemary http:her-home-blog.com

Rosemary56
May 08, 2008
6:23 AM PT
Post a comment Post a comment
Archives
View posts from:
 

PC World's Marketplace

PC World's Free Whitepapers