It’s Coming!
November 27, 2007 – 5:02 pm
As CEO of FireDream and RealEspace I am pleased to announce the coming of a paradigm shift in how consumers will purchase mortgages. We will unveil the first front-facing pricing engine available for public consumption. Consumers will be the real winners, as they should have been from the beginning! As the public catches on to this revolutionary tool, they will know the wholesale rates available to them from the major mortgage lenders around the country. They will no longer pay hidden yield spread premiums, junk fees, discount points, or origination fees! Mortgage broker/bankers in the RealEspace network will make this wholesale rate available to consumers for a flat fee (see True Costs of Mortgage Revealed) . With this new tool, literally millions of dollars will stay in the pockets of the consumers instead of padding the pockets of mortgage bankers/brokers.
RealEspace will make this tool available to other mortgage brokers and bankers for use with their clients. See blog post by Pat Kitano as part of the “New reality…” seen at www.transparentre.com.
We are very excited about what this means for consumers throughout the country. More to come as we get closer to the unveiling of this valuable consumer tool!
