Good points
Yes traction among the brokers is very important and we are hard at work getting new sign-ups every day. We have a few big players in already!
BORROWER ATTRACTIONS:
(a) Competition: All brokers can see all current bids on any borrower request. Lenders that want to compete for the business are therefore encouraged to respond with an better deal to the borrower.
(b) Time saving: Borrowers can reach out to a number of brokers from the comfort of their home.
(c) Sanity Check: Borrowers can use the service as a useful sanity check against their other research, or as a good method to get started.
(d) Reference: As we develop the website we hope to encourage and develop community to create a great reference resource for borrowers.
(start of this is the addition of the 'Rate my broker' feature, forum to follow).
LENDER ATTRACTIONS:
(a) QUALIFIED SALES LEADS: As we ensure that all requests for proposal are genuine, lenders can be assured that they are receiving quality sales leads from real potential customers.
(b) COST SAVING: Sales leads will cost less than those available via other media channels.
We expect fully that people will be sensible about how they go about securing their mortgage or loan, however it is our belief that we have put in place a service to the borrower that well provide them with the opportunity to secure a good deal.
Thank you for your input. Please feel free to contact me directly if you want more information,
Jeremiah Ryan (Co-founder)
Mortgages & Loans Ireland
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