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

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •