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: Mortgage Lender Implode-o-Meter

For Mortgage Shoppers, Less Can Be More

By Implode-Explode Heavy Industries

``The chief difference between Google?s mortgage search service and many others is that, at this point, borrowers can choose to receive an offer from a single lender, which does not have the borrower?s direct contact information. The loan offer is semibinding for the lender. As long as the borrower?s information does not change all that much from that shown on the original screen, Google will hold the lender accountable for the terms shown, said Paul Todd, a director of product management for Google. ''

Full post as published by Mortgage Lender Implode-o-Meter on May 10, 2010 (boomark / email).