Some have suggested that by shopping around for a mortgage loan for you client that you are increasing their costs and potentially causing their credit score to go down. But, if your client HAD to accept the first mortgage offer you got them, they might end up a bad rate and terms and a mortgage loan that is not the best for their needs.
The traditional thinking is that having multiple lenders do the work associated with your client’s mortgage loan will lead to increased costs (i.e. multiple appraisals, credit reports, or other fees); and multiple credit reports will lead to your client’s Beacon score going down.
knnct helps you to get private lending deals done for your clients and done more quickly by using its technology platform to track the lending criteria of every lending on its platform – and then sends your deal only to the private lenders that are looking for deals like yours – and allows you to get multiple offers without triggering a reduction in Beacon score or an increase in deal costs.
With over $136 million in deals posted in 2020, knnct has the attention of private lenders.
And with lenders from across Canada, knnct makes certain that lenders using the knnct platform see EVERY deal that matches their lending criteria. From small to large private lenders and all types of mortgage – 1st, 2nd, 3rd, even commercial and construction – from low LTVs to high LTVs – from hard to easy deals! Even deals that need to be done within 24 hours!
We’re seeing fantastic success stories from Brokers just like you who are using knnct in their for their private lending deals:
“Right now, all my clients need loans from B or private lenders. Your platform is a very good fit because it helps me to get competitive mortgage loans and, even better, to get good solutions for my clients. Thanks knnct!”
Jesse Brun – Mortgage Broker, Mortgage Intelligence