NeighborCity, a San Francisco-based online residential real estate service that matches home buyers and sellers with qualified real estate agents, is now offering the BorrowSmart program to assist buyers in obtaining a home loan.
According to NeighborCity, lenders that are a part of the BorrowSmart program offer 30-minute pre-qualifications and typically fund within 30 days or less. NeighborCity says that it partnered with national direct lenders – including The Federal Savings Bank, Supreme Lending, Prospect Mortgage and Patriot One Mortgage – to provide a single destination for buyers to get a home loan with competitive rates and responsive service. Each lender agrees to work closely with the buyer's real estate agent to help the client succeed in today's hyper-competitive market where timing is a critical factor in completing a purchase, especially if it is a short sale or foreclosure.
‘We are dedicated to providing our clients with an edge in their real estate transactions, and the BorrowSmart service delivers on that promise,’ says Jonathan Cardella, CEO of NeighborCity. ‘We do not ask our customers to choose from a long list of lenders with arbitrary ratings and teaser rates. Instead, we connect our customers directly with quality lenders that provide competitive loan programs and rates they stand behind without the delays associated with the big banks.’
