FAQ: How does RatePlug work for Lenders?

1) What is RatePlug?

RatePlug is the leading mortgage marketing platform and the only MLS integrated technology platform that connects agents, home buyers, and loan originators. Originators become directly integrated within the local MLS.
RatePlug connects originators via their agent relationships with every property listed in the MLS. When agents connect with lenders to participate in RatePlug, the result is the 4 bedroom 2.5 bath home isn’t only $225,000. It’s $1,375.87 per month including principal, interest, taxes, and HOA. It’s your current products and rates that are used to calculate affordability. Your picture, logo, and contact information are right there on the property description the buyers have as they tour the property.

2) Do you have any videos that explain how RatePlug works?

Yes. Here’s a short video that explains how RatePlug works for Lenders.

3) How do I learn more about RatePlug’s features and benefits?

All the features and benefits of RatePlug’ s mortgage marketing platform are explained on our website. For more information, please visit: https://www.rateplug.com/rateplug-for-lenders

In short, with RatePlug, LOs say It’s like you’re there when buyers say “let’s make an offer”.

RatePlug also displays special financing prequalification for all properties listed within the MLS. Agents now have a dashboard that identifies what properties qualify for FHA, VA, and USDA, programs. Originators who offer these programs have a significant advantage over the competition and strengthen their agent relationship.

4) What types of pricing plans does RatePlug offer?

RatePlug offers a variety plans and subscriptions for all types of originators. From the solo LO to the nation’s largest mortgage lender, RatePlug has a plan that meets your needs. There are plans optimized for office affiliations, call centers, branch, and corporate operations. Individual and centralized management of rates and products offer the option of market driven flexibility or managed control. RatePlug is very affordable, plans start at about what you’d pay for a daily cup of coffee. Pricing information is available on the Lender product page.

5) How many property listings can I be displayed on?

There is no limit. When your agent provides an MLS/RatePlug property listing to a homebuyer, your information will be displayed. Your connected agent need not be the listing agent to display your affordability calculation, rates, and or products on the property descriptions.

6) Do you have any marketing material that I can take out to Agents to see if they would like to sign up?

Yes. you can generate a flyer that is for agents to distribute, you can email or hand delivery. You can learn more about RatePlug’s property listing flyers.

7) What is the cost to the agent?

There is no additional cost for an agent to enroll, RatePlug is offered through the MLS as part of the agent’s membership dues. Get pricing information on the RatePlug – mortgage marketing platform for lenders page.

8) Is RatePlug RESPA compliant?

Yes, RatePlug is fully FTC-MAP. TRID, RESPA, TILA compliant. You can read about RatePlug’s compliance program here.