DURING THE CURRENT MORTGAGE CRISIS, THE LOAN NAVIGATOR SAVES THE DAY
Released on = August 22, 2007, 3:18 pm
Press Release Author = Naviloan, Inc.
Industry = Financial
Press Release Summary = San Francisco, CA. August 15, 2007 - The already uncertain world of residential mortgages just got a lot scarier. Lenders are changing and discontinuing products left and right and it's almost impossible for borrowers to know they're getting the best deal. The good news is that Naviloan's Loan Navigator is here to quickly sort through the changing data and help people find the best possible loans.
Press Release Body = In this fast changing environment, mortgage brokers are showing their strengths because they're not stuck using one particular lender and can shop around for the best programs. The problem is that there is so much change that traditional brokers can't keep up. The old way of doing business included taking a borrower's information and comparing it to guidelines and 'ratesheets' from various lenders to find the best deal. In the last few weeks, most lenders have made several guideline changes and rates change several times per day. The Loan Navigator takes electronic feeds of guidelines and rates directly from dozens of the nation's largest and most stable banks and compares the data against a borrower's specific situation or 'scenario.' The results are an accurate ranking of the best loan programs for the borrower at any given time. Loan officers at Naviloan then know that they're offering the best possible deal to their borrowers no matter which bank happens to be the best on that particular day.
"We've seen banks go from having the best rate to not even being in the top 5 in a matter of hours. Always knowing which bank has the best rate cuts down a lot of anxiety both in the borrower and the loan officer, especially in these times" said Jason Wallis, CEO of Naviloan, Inc. "Going with a broker is the only real way to ensure you're getting the best deal since individual lenders are so hit or miss in today's marketplace. The Loan Navigator takes that one step further and gives borrowers peace of mind that they're getting the very best rate from a wide variety of sources. Another plus for using brokers is their ability to have a backup- many lenders are killing deals almost on a whim as their funding dries up." You can have someone run your info through the loan navigator in just a couple of minutes by calling 888-788-NAVI or go to www.naviloan.com for more information.
Web Site = http://www.naviloan.com
Contact Details = 221 Main Street Suite 888 San Francisco, CA 94105 888-688-NAVI