Got offered $500.00 to refer people for mortgages.

[ZKaudio]

vertically integrated real estate firms... hrm.. every other industry in the world has done it except for r.e.... says something about the general intellect of the r.e. community.

 

[Razorguns]

Aren't most RE firms an amalgamation of realtors and 1 or 2 brokers all under one roof? Where is the inefficiency here?

 

[ZKaudio]

^construction and insurance integration

 

[MattTheSkywalker]

^construction and insurance integration

Somebody already did it...we're going to buy them.

 

[ZKaudio]

why buy when u can just throw some lobbyist money around and have them out of business.

 

[Razorguns]

Here's a question:

Right now when you apply for a mortgage -- you go to a mortgage broker who gets your info, does some fancy dancy processing, and comes up with various options ("products").

Why can't it work like airlines, where you fill in your information once (eg: online) -- and that info gets sent a NETWORK of brokers, who all then respond back with your choices.

And from there you can select the best choice and continue on.

It already works like this for car insurance. Fill info once, get multiple quotes.

Am i missing something?

 

[jnevin]

Here's a question:

Right now when you apply for a mortgage -- you go to a mortgage broker who gets your info, does some fancy dancy processing, and comes up with various options ("products").

Why can't it work like airlines, where you fill in your information once (eg: online) -- and that info gets sent a NETWORK of brokers, who all then respond back with your choices.

And from there you can select the best choice and continue on.

It already works like this for car insurance. Fill info once, get multiple quotes.

Am i missing something?

You're missing the fact that Lending Tree already exists. Car insurance and home loans are kind of different. The majority of borrowers I come across have no idea of what they want, how long they'll be in the house, how they plan to pay for said house, etc. If they just enter their info into some website and have some retard former used car salesperson call to give them a quote on what he thinks is best, they'll be fucked. That's the direction the industry has been heading lately. What you're talking about may work for refinancing. I only do those for former customers anymore. Purchases are a bit tougher until you get used to them. Holy shit! Reading this I can see how much ephedra I've taken today.

 

[MattTheSkywalker]

You're missing the fact that Lending Tree already exists..

LOL

you were so nice to him on this.

 

[MattTheSkywalker]

why buy when u can just throw some lobbyist money around and have them out of business.

I don't even know how to answer this, except to say we have a much larger vision than owning a few service companies or perimenter players in real estate and insurance.

 

[Razorguns]

You're missing the fact that Lending Tree already exists. Car insurance and home loans are kind of different. The majority of borrowers I come across have no idea of what they want, how long they'll be in the house, how they plan to pay for said house, etc. If they just enter their info into some website and have some retard former used car salesperson call to give them a quote on what he thinks is best, they'll be fucked. That's the direction the industry has been heading lately. What you're talking about may work for refinancing. I only do those for former customers anymore. Purchases are a bit tougher until you get used to them. Holy shit! Reading this I can see how much ephedra I've taken today.

Only reason i say this is because ditech.com has been hugely successful. Obviously they mastered some major need.