Industry NewsTechnology

MLSListings partners with RatePlug mortgage tech

15,000 agents and brokers in Northern California equipped with affordability and lender info at their fingertips
  • Naperville, Illinois-based RatePlug is now available to more than 705,000 Realtors nationwide.
  • RatePlug helps shoppers on the MLS determine multiple mortgage scenarios on homes based on interest rates, individual property list price, real estate taxes and insurance payment information.
  • Realtors can also connect and create rapports with home lenders.
  • According to the National Association of Realtors, 74 percent of homebuyers use lenders recommended by a Realtor as opposed to an alternative.

RatePlug recently announced a new incorporation into Northern California's MLSListings at the National Association of Realtors midyear meeting in Washington D.C., allowing agents and brokers to streamline the affordability process with buyers and create a positive rapport with lenders. With this integration, Naperville, Illinois-based RatePlug is now available to more than 705,000 Realtors nationwide, or more than 60 percent of all real estate agents and brokers in the nation. RatePlug helps home shoppers on the MLS determine multiple mortgage scenarios on a property based on current interest rates, individual property list price, real estate taxes and insurance payment information. RatePlug CEO Brad Springer “There was an opportunity to build technology to enable agents to send property reports that include and display real time payment information to homebuyers,” RatePlug CEO Brad Springer said. “You see consumer portals that have moved in that direction....