New website marketplace created for mortgage brokers

The Internet has become a huge presence in the real estate and mortgage worlds. You can now browse for homes in areas completely across the country at the same time you shop for competitive mortgage rates. This is all now done within the comfort of your own home, with just the click of a mouse.

The technology of today is changing the way that many agents, brokers and lenders are conducting business. Traditional ways are become outdated and obsolete, as consumers are looking for a quicker, cheaper and faster way to do anything. The Internet is now essential to the success of any business.

Now, a new website marketplace has been created for mortgage brokers to connect with lenders, borrowers and investors. In a press release from the Send2Press.com website on July 27, 2006, edited by Carly M. Zander, entitled, “New electronic loan marketplace community created to help mortgage brokers,” there is an overview of the company.

“Mortgage brokers now have free access to dCifer(TM), a new web-based marketplace that connects mortgage brokers with lenders, vendors and customers. dCifer also offers its member’s FREE consumer leads through its dCifer Retail initiatives with companies throughout the US.”

The website acts as a community between the actors of a mortgage transaction, and simplifies the steps to obtaining a mortgage. The process is quite simple.

“Using the dCifer(TM) online marketplace, specially qualified brokers can access loan options for mortgage candidates by entering their financial information. The information appears in the marketplace confidentially, and customer names are not revealed to loan providers. dCifer(TM) then matches the individual with a series of appropriate and available loans, thereby reducing lengthy negotiations between brokers and institutional lenders.”

This website uses some of the most advanced technology available. They utilize “artificial intelligence” in which even inexperienced originators are able to answer difficult questions.

“The sophisticated system incorporates artificial intelligence, empowering even inexperienced originators with the ability to answer advanced point of sale questions from a borrower.”

This system is not open to everyone though. You have to receive a special invitation to join this online marketplace and must be specially qualified.

“Mortgage brokers must be specially qualified to use the dCifer(TM) mortgage marketplace. Basis Point will be emailing invitations to prescreened and referred mortgage companies during the month of August. Additionally, mortgage brokers who satisfy basic, yet important requirements related to licensing and fraud can submit a request for membership at www.basispt.com.”

“‘Mortgage origination is a complicated business. It takes months to properly train a loan originator to be able to identify and communicate the proper information to a prospect. In addition, how can one originator remember thousands of programs from one lender, never mind multiple lenders,’ said Stacy James, Executive Vice President of Basis Point.”

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