Referral Site

Referral Site

A mortgage Web site that shows mortgage prices posted by participating lenders, in some cases hundreds of them.

Referral sites are similar to newspapers in that lenders and brokers pay for the privilege of posting their mortgage prices on the site. However, they provide more information than newspapers. At least some of the price information on referral sites, furthermore, is posted on the day the user looks at the screen, whereas all price information in newspapers is obsolete when it is published. Some referral sites are Bankrate.com, BestRate.com, CompareInterestRates.com, Domania.com, Interest.com, and LoanPage.com.

For referral sites to be useful, shoppers must be able to select the lenders quoting the best prices, then visit the Web sites of each of them to make a final selection. This won't work for ARMs because the referral sites don't provide complete information about ARMs. While they do provide complete price information about fixed-rate mortgages, the process breaks down when the lender's own Web site is poor. I found that some of the lenders quoting the best prices on the referral sites were either quoting higher prices on their own sites or not providing complete information.

References in periodicals archive ?
The lawsuit says Oregon consumers who searched online for "title loans" ended up on a third-party loan referral site where they could fill out an application form.
New research by social job referral site GigPlug reveals a dramatic generation gap in how the UK population view the job market.
com, the site will act as a referral site to up to a dozen top Affiliate Marketing companies worldwide.
We will be a major referral site for patients coming to us for care across the continuum, from prenatal diagnosis and intervention to postnatal care," said Koh.
Legalease, a legal referral site, has awarded its website development to New Bamboo Ltd, a specialist in bespoke software development using Ruby on Rails.
If you have any connection or interest in asthma camp, I would highly recommend visiting this site and using it as a reliable and rich referral site for clients and in linked on-line lists.
Fee Based Advice, which claims to be the only referral site set up and funded by independent financial advisers (IFAs), has produced some tough questions that investors should ask to ensure they are getting truly independent advice on their finances.
The CDC, the referral site for patients who fail standard treatment for T.
Partners will earn referral fees for bed purchases originating from the referral site.
com, a referral site dedicated to helping homeowners in Texas locate reliable roofing contractors, is highlighting the dangers of contracting roofers through review sites.
The University Teaching Hospital of Butare (CHUB) is the only referral site for osteomyelitis in its catchment area of 3 million people, from the South and Western regions where the majority of people are rural and very poor.
Zeelfa, a referral site for services, gives members the ability to recommend professional service providers to their friends and family.