New Online Start-Up Company Reshapes Mortgage Lending to Foreigners in US
New York based online start-up, Dingow, connects mortgage loan seekers with lenders. The borrowers are foreigners who have relocated to the US and are typically high income professionals and executives but have no US credit history.
NEW YORK, NY, September 29, 2012
United States is a magnet for talents in the global workforce. It is not surprising that every year thousands of professionals and executives migrate to the land of opportunity and find a place to live.When these professionals elect to buy a home, their request for a mortgage will likely be turned down due to lack of US credit history. Otherwise they are perfect candidates - high income, great credit history from home country, stable occupation, and high liquid assets.
Most lenders shy away because of procedural protocol and are turning down highly qualified candidates and turning away a safe revenue stream.
New York based start up company - Dingow - have worked with a group of lending institutes to create products aimed directly at this niche and highly profitable market. They connect the borrowers with the lenders in a "Lending Tree" fashion - seamless, fast, and easy.
The borrower enters a brief profile information & the requested mortgage amount. Dingow then returns a list of lending institutions that offer their best rate based on the information received. This happens instantaneously and allows the borrowers to choose the one(s) that fits their need.
Dingow is now expanding its business and seeking more borrowers and lenders to join their network. Please visit http://signup.dingow.com or email info@dingow.com for more information.
We connect mortgage lenders and borrowers together. Our area of expertise is on foreign residents who have little or no US credit history but have good credit from home country e.g. Canada, UK, etc.
We offer lenders a great way to access a pools of professionals and executives who are highly qualified for loans. Please contact us at info@dingow.com or 646-827-0892 for further information.