Would you really hand over all of your
original documents and appraisal money to a bank
before you even knew what interest rate you were getting?

Would you step into a cage like that?

We didn't think so.

You’re ready to get a loan. Imagine walking into a room (anonymously) full of lenders and mortgage brokers. Imagine being able to line them up according to interest rate, monthly payment, closing costs, etc. until you find the exact loan you want. We're that room and you just walked into it.

Shop anonymously. Shop wholesale. Compare Good Faith Estimates. Escape the bank's "cage".

is like shopping wholesale. When you walk into a bank and apply for a loan, you’re paying retail. When you use a mortgage broker, you’re shopping wholesale. Funds in the wholesale market generally come from independent mortgage banks or more frequently from the wholesale lending divisions of major banks and financial institutions whose commercials you see everyday on television.

In fact, you’ll recognize many of the lenders listing loans through . However, these loans are being offered through the wholesale divisions of these major financial institutions and are listed by licensed mortgage brokers who can lock your rate below the bank's retail interest rate. This is why nearly half of all Americans choose to work with a mortgage broker when shopping for a home loan. You can save thousands, if not tens of thousands of dollars, over a thirty-year term.

All parties listing loans on are licensed and/or registered by the state as mortgage brokers, mortgage loan officers or they are federally regulated and state licensed mortgage bankers and lending institutions. also conducts an electronic background check and identity verification on all listing parties.

Is there a cost to the borrower to use ? No. It's FREE. All that's required is that you put a small rate lock fee on deposit, which is 0.025% (2.5 basis points) of the loan amount. On a $100,000 loan, that’s a refundable deposit of $25 that can be made with your Master Card/Visa, American Express or Discover Card. It's a deposit that's applied toward your closing costs or refunded if you are declined or simply choose not to close on the loan.

Remember, you're asking a lender to set aside tens of thousands, if not hundreds of thousands of dollars in your name when you get a rate lock. Putting a small rate lock fee on deposit is all that's required to access The Loan Matrix, shop loans anonymously with a sortable spreadsheet and get a rate lock. It's refundable and depending on which loan you lock, you may not even have a rate lock fee at all, in which case you get a complete refund.

The Loan Matrix is the online marketplace for wholesale mortgage investors. It's like an ebay for mortgage home loans. Loan products are listed by mortgage bankers, mortgage brokers and the wholesale lending divisions of major financial institutions. You can use The Loan Matrix like an online spreadsheet, sort by column, filter by state, etc. and even click to see a Good Faith Estimate for each listing.

You can also submit a quote request to lenders in the wholesale mortgage market and view their quotes on your own Personal Loan Matrix. The entire process is anonymous. Your information is NOT sold as a sales lead. This is by far the most effective way to shop for a home loan on the internet and it's only available through the online wholesale mortgage market.

By putting a small rate lock fee on deposit, you can access The Loan Matrix and skip the hassle of filling out multiple applications, having your credit pulled a dozen times, shop hundreds of loans anonymously with one, easy to use, sortable spreadsheet and get a rate lock before handing over your original documents and up front fees. That's serious dot-calm.

If there is a rate lock fee charged by the wholesale lending institution for the loan you chose to lock, your deposit can be applied against it reducing the amount of cash due at closing. Typically there is no fee for a 15 day lock. A longer lock period can start at 0.125% to 0.25% of the loan amount ($125 to $250 per $100,000).

You're deposit is refunded to you whether you close on a loan or not so there is no way of "losing" your deposit. It’s really just a minor inconvenience that you trade for the ability to save thousands of dollars by shopping mortgage brokers and lenders in the wholesale market. More importantly, perhaps, is that you gain peace of mind knowing that you are in control; that you're interest rate and monthly payment are locked in and there will be no scary surprises at closing.

Most retail banks will charge you a fee for locking-in your rate. Place the fee on deposit with us and you will have a better chance of not incurring one in the first place. Plus you get to shop anonymously first, get a transparent view of all loan costs for every loan listing and lock-in BEFORE you pay your up front fees. This deposit is what puts YOU in control of the loan process.

With this type of transparent access to The Loan Matrix you can view a sample Good Faith Estimate of all lender costs for each loan listing or even contact the broker or lender directly to request a signed Good Faith Estimate prepared specifically for you prior to requesting a rate lock.

The Good Faith Estimate was designed by the U.S. Department of Housing and Urban Development (“HUD”) as a tool for consumers to use when shopping for a home loan. It discloses all costs associated with the loan terms, including fees, interest, taxes, insurance, etc. It is the single most important tool you have when shopping for a mortgage. You can request a custom Good Faith Estimate from the lender or mortgage broker for your individual loan scenario prior to requesting a rate lock.

When do I get my refund? The lender will either refund your deposit in full upon closing or, with your approval, apply it toward any rate lock fee reducing the amount of cash due at closing. All rate lock fees are disclosed on the sample Good Faith Estimates posted on The Loan Matrix. Remember, you get a refund if the lender declines your application for any reason. You can also change your mind and choose not to close on your loan at all and we will credit your account in full less a 3% fee for credit card processing. You are NEVER at risk of losing your deposit.

How is different from other mortgage websites? Other websites that promise to get lenders competing for your loan are nothing more than “lead generators” for pushy telesales people. Your information is sold as a sales lead to three or four different companies. Once they have your contact information, they will call your home or office non-stop for days at a time, at all hours and with no straight answers to your questions.

This is usually not an experienced mortgage broker calling, but rather a “consultant” recruited under a multi-level marketing strategy trying to browbeat you into a loan and possibly bait and switch you on the rate. They will attempt to put you “in a cage”, which usually involves getting payment up front for fees (such as the appraisal fee) before your interest rate is guaranteed with a signed rate lock agreement.

will only forward your contact information to the specific lender or mortgage broker of your choice in the form of a rate lock request.

Keep in mind that lenders who engage in such questionable practices want nothing to do with . These lenders are filtered out by the very nature of our loan origination system. Those that are attracted to it are lenders and mortgage brokers who observe best practices for the benefit of their clients because they rely on repeat and referral business.

Escape the cage. Remember, your deposit with is refundable even if you choose not to close on the loan AND you never pay any up front fees to the lender prior to receiving your rate lock agreement. You can even ask the lender or mortgage broker questions and review a Good Faith Estimate prior to requesting your rate lock. You are never in a cage and always in control.

empowers you, the borrower, by allowing you to 1) shop anonymously, 2) shop wholesale and 3) escape the cage by securing a rate lock agreement and reviewing a Good Faith Estimate prior to paying any of the up front fees typically associated with a mortgage loan.

In a chaotic mortgage marketplace overflowing with companies and loan products, is the only site on the internet that truly enables you to leverage this competition to your advantage.