Home » Consumer Articles

Review of 3 Mortgage Quoting sites

2 May 2010 1,136 views 22 Comments

We have had some complaints about mortgage quoting companies not returning phone calls after consumer’s fill out a free mortgage quote form. We did our own research and here is what we found.

The first Company we called was one of the largest and most popular, lendingtree.com owned by news corp. We filled out thier app it took about 25 minutes and we recieved a single  phone call 3 days later. the person was polite and genuine, but was unable to help us because we put on our app that we owed more than the house was worth.

The second Company was Ditech,  The person who called us back did so in about 48  hours of filing out the form they  seemed to be in a hurry and we didn’t fit thier peramaters for a refinance. The represenative said that we needed 20 percent equity and a fico score above 720.

The third company we requested a quote from was mortgagetunep.net we filled out the form and it took about 2 minutes, They didn’t ask us for social security numbers and within an hour we recieved a phone call from a local lender stating that they recieved our information   and could help us with any situation we were facing. They told us what we could expect for a new payment and were courtiouse.

Summary: We recieved at least one phone call from all 3 mortgage quoting sites within a reasonable time frame , The first 2  sites asked for more personal Information that we didn’t feel comfortable giving Like SSN Numbers.  At CCWD we feel this comprimises safety for the user and recomend giving a social after speaking to a mortgage consultant.

 We also felt the first 2  Companies were looking for the cream of the crop. Mortgagetuneup let us know that they could help no matter the situation. or how bad our credit. with thier Short form we feel like we didn’t have anything to loose. We rated the companies on a 5   scale.

MoortgageTuneup

Lendingtree

Ditech

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

22 Comments »