Ratesheet.ca – Canada’s 1st Mortgage Rate Auction Website Launched
Toronto (Ontario), CA December 12, 2010
With ‘online-auction’ emerging as a buzzword for Internet shoppers, the e-entrepreneurs are getting innovative in devising new cyber models that make the lives of people a lot easier and convenient. Taking a giant step in offering the best online deals, Ratesheet.ca Inc. has come up with a website that connects applicants looking for a mortgage in Canada with leading mortgage brokers agents in the country through competitive mortgage rate bidding system.
“Ratesheet.ca was conceptualized considering the strong need for a common platform where mortgage brokers could easily connect with borrowers. The website strives to make the process of securing mortgage hassle-free. We have integrated the good-old auction process with the advanced technologies of Internet to deliver a platform where the users can simply post their mortgage application online and desirous brokers and agents will bid their lowest rates on the application to secure business,” explains Vik Palan, President Ratesheet.ca Inc.
“Ratesheet.ca is the first patent-pending dedicated website in Canada that employs unique online interest rate auctioning system for the mortgage brokers to compete for the business of mortgage seekers by offering them lowest interest rates in the market. Firstly, by simply making one single online application, the mortgage seekers are exempted from visiting multiple offices of mortgage agents and brokers located at far-off places across the city to seek quotations. Secondly, the mortgage agents and brokers will have an opportunity to pursue business from plenty of mortgage seekers who post their application on Ratesheet.ca. And finally, by comparing all the loan offerings from numerous agents and brokers, the applicant stands to gain by selecting the lowest and the best offer,” says Vik.
“We have also taken care of the interaction part, which is indispensable in the offline world. At Ratesheet.ca, we offer a Personal Message Board (PMB) – which is essentially a private interactive message window between applicants and brokers so that they may communicate with each other and clarify every little detail before proceeding with the business. Additionally, the website is loaded with a review mechanism where the applicants can leave feedback comments and reviews for brokers. For registered brokers, this review system also acts as an online publicity campaign to secure more business,” informs Vik.
The website not only acts as a common platform for mortgage borrowers and brokers, it also offers multiple tools and calculators in order to enable the borrower to make informed decisions about their loan requirements. Tools, like Amortization Loan Calculator, Mortgage Calculator, Mortgage Qualifies, Refinance Interest Savings, etc., are indispensable for any mortgage loan seeker and help avoid long and complicated calculations.
“The website also showcases the profile of registered mortgage brokers and agents, which enables them to effectively sell their services. The applicants can also invite a particular agent or broker to bid on their application,” says Vik.
When asked about the safety and security aspects of the information shared among the loan applicants and agents, Vik informs, “We have laid special emphasis on the protection of the users and the data exchanged through our systems against identity theft and fraud. For this, we make sure that the website users are not asked for any sensitive information. If any agents or brokers are reported by the applicants for unprofessional conduct, they will be prohibited from participating in future auctions.”
About Ratesheet.ca Inc.
Ratesheet.ca is a new venture by iToolPro Systems Inc. – a leading website and Content Management System (CMS) provider to the mortgage industry in Canada. iToolPro Systems is in the business of serving the mortgage industry for over 5 years. The trust of thousands of mortgage and real estate industry experts has catapulted iToolPro Systems among the top companies in this business.
For more information on the website, visit Ratesheet.ca.
