Palo Alto, CA, USA – Pureloan.com is the first website to search and aggregate results from hundreds of nation-wide lenders and loan programs into one universal interface to help consumers easily compare mortgage rates. Users can personalize it according to their unique needs and criteria to obtain specific results related to their profile. The platform is designed to help consumers make smart decisions and quickly compare their available options before entering into a long-term financial commitment of a mortgage or personal loan.
Founded by graduates from the Stanford Business School and Electrical Engineering departments, pureloan.com aims to revolutionize the mortgage search industry through its search breadth and backend technology. While talking about the vision of the company, one of the co-founders said: “We are a group of Engineers, Financial Analysts, and Data Scientists from Stanford University and Harvard Business School. As we already enjoy the convenience of Comparison-Shopping Engines for all aspects of our lives today, we set out to create the most transparent and objective Pricing Engine for the largest expense of all – Mortgages. Mortgage payments are equivalent to approximately 18 to 30 percent of average US household income.”
Whether a person is looking for a home loan, lowest mortgage rates, or refinance an existing mortgage, pureloan.com has got them covered. The platform employs sophisticated backend technology to build an entirely accurate model of mortgage rates available to the customer. The system developed by the founders can accurately calculate the eventual interest rate, APR, closing costs, and monthly payments to be paid by a consumer depending upon their profile, without having to go through an official underwriting or even pre-approval process. This innovation is not only going to save a lot of time but also increases the reach of an ordinary citizen by letting them choose from a vast number of available options.
Pureloan.com relies upon data provided by the users to calculate important factors of mortgages and loans. Personalization options span from typical attributes such as loan-to-value (LTV); to specific program requirements such as FHA, VA, or USDA; or even government-sponsored entities such as Fannie Mae or Freddie Mac. All these variables impact the interest rate a person will receive.
Headquartered in Palo Alto, CA, in the heart of silicon valley, Pureloan.com believes that in this day and age, whether you are looking to search for a new home loan or refinance an existing mortgage, the search process should be as instantaneous, accurate, and comprehensive as if you were searching for a plane ticket or a pair of shoes online. That is the team’s core mission and drives the team daily to improve the search experience.
About the Company:
Pureloan is the first website to search and aggregate results from hundreds of nation-wide lenders and loan programs into one universal interface to help consumers easily compare mortgage rates personalized for their unique needs and criteria.
For more information, please visit their website https://www.pureloan.com/