AgentBrokerage

New service promotes simpler mortgage shopping experience

5 lenders participating in 'Certified Lender Network'
Published on Feb 15, 2012

Editor's note: Jack Guttentag, founder of the The Mortgage Professor website, is also an Inman News mortgage columnist. In January, The Mortgage Professor, an online mortgage information and guidance website, launched the Certified Lender Network, a service that aims to simplify and streamline the mortgage shopping process. The service, according to its website, focuses the mortgage-buying experience and eliminates opportunistic pricing by bypassing the work of a loan officer or mortgage broker, who may advertise or emphasize prices different from a mortgage's actual price and fees to get business. The network also integrates much of the site's previous function as a mortgage information hub. "The service integrates decision support in the loan origination process," said Jack Guttentag, who runs the site and service. After self-determining their qualification by following steps laid out on the site, potential borrowers face the next two major questions in the process, he sa...

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