RatePlug is embedded into the MLS system you use to search and send property reports to your homebuyers.
When you send your MLS property reports to your customers, they will now have access to accurate, interactive mortgage product and payment information specific to each property. The payment information is based on up to date interest rates from your lender of choice and includes property taxes, assessments, and home owner’s insurance estimations.
You and your customer can interact with the information and play ‘what if’ scenarios to best determine their financing needs. In addition, the customer is given the ability to ask mortgage questions and is provided access to your trusted lending partners contact information.
RatePlug is an automated system. You do not need to learn how to use any new software or log onto any system to participate. Once you are enrolled, a 2 minute process, your lending partner supports you, which only takes them a few minutes a day!
Your lender will make sure their mortgage products and rates are kept current, and they will also provide you with the Property Flyers for your listings or open house events. All you need to do is continue to send properties to potential homebuyers through the MLS system.
RatePlug has contracted with the MLS to provide the Program as one of the services included in your membership. There are no additional fees to participate.
Your lending partners pay a license fee to participate, but they can work with as many agents as they choose for one low annual fee. Their fee is not based on transactions or program usage.
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