“We are focusing on helping borrowers get matched with multiple low-rate lenders, offering them the lowest rates, and best matches,” said Evan Gentry, Money360 CEO. “Our addition of several conventional lenders supports our efforts and the increased loan matches we’ve had in 2013.”
At a rapidly increasing rate, more borrowers are turning to Money360 to find the lowest mortgage rates and best loans available. Borrower and Lender loan matches are up more than 250% in January 2013 compared to the 2012 monthly average.
Money360’s proprietary LoanMatch technology matches borrowers with lenders that meet their specific loan requests. Borrowers can compare lenders and chose to move forward with the best offers from lenders able to offer their specific loan type at the best available rates.
Money360’s marketplace meets the needs of borrowers from those seeking the lowest rate conventional loans to those seeking private money “peer-to-peer” loans. Currently, the marketplace is ideal for borrowers seeking purchase or refinance loans for residential or commercial real estate properties.
“As an innovative leader in the real estate lending market, Money360 is finding new and better ways for borrowers to find and compare the best loan offers,” said Gentry. “Our free service to borrowers allows them to use the latest technology to compare lenders and customized loan offers.”
We’ve made a request for hard numbers from Money360 to better understand this increase. Percentages are irrelevant without the context of actual numbers.
It’s been two days and no word. Hmm.