Credify is very different from going to a mortgage broker. Here are the top 5 ways Credify differs from a mortgage broker:
1. Wider selection of lenders
Mortgage brokers don't have access to all lenders in a given State. While they may work with multiple lenders, they cannot work with them all. The reason is that there are more than 5,500 mortgage lenders in the US and many of them aren't big enough to absorbe the cost of a network of mortgage brokers.
On Credify, this block is removed. Credify is open to all credit unions and small lenders who don't deal with mortgage brokers, as well as the leading wholesale lenders in the US who do deal with brokers. Wider choice means lower costs for you!
2. Costco for Mortgages
Uniquely, Credify is able to leverage scale across all the states in which it operates to generate larger groups of borrowers for lenders. The punchline is that lenders may give more favorable interest rates and closing cost packages not available to the general public in order to secure large groups of mortgages.
We call this Costco for Mortgages. You can read more about this feature here.
3. Fast pre-approval from multiple parties with no risk to your credit rating
Getting pre-approved through a broker can mean a trip to their office, detailed information collection and multiple emails and phone calls. With Credify, getting pre-approved from multiple brokers and lenders requires just, one simple, 3 minute application. This can drive multiple offers from one soft credit pull, so you don't harm your credit rating to shop the market in a deeper way than ever possible before.
4. Transparent interest rate and closing cost comparisons
When you're dealing with a broker, you're never suite sure if you're getting the best rate for your individual situation. On Credify, you can compare mortgage rates and closing costs from multiple brokers side by side, line by line, to find the best deal for YOU.
5. Automated document collection and storage
Credify is the fastest and most accurate way to collect the financial data you will need to apply for a mortgage because it integrates with relevant, secure rich data sources like, among others, Plaid for financial information, the IRS for income and employment verification and eStated for information about the property you are buying. This speeds everything up and reduces errors so your application sail through underwriting.
The Credify experience is vastly different from the typical mortgage broker experience in other ways too.
See for yourself in just 3 minutes here.