What is the Rate Mover PledgeTM?
Prevents interest rate low balling in the bidding process by mortgage brokers, loan officers, lenders and credit card companies securing the winning bid. I promise to not inflate my interest rate bid offer after the fact. I promise not to practice bait and switch tactics or make false promises to my valued customers. Back to Top 34. What is the Borrower ExchangeTM ? An online website which offers borrowers credit score for bid by a reverse auction process. Rather than the bidder with the highest bid winning as is the case in standard auctions, the winner is the lender who has the “Lowest Unique Bid”. Back to Top 35. How is the Lowest Unique Bid Determined? The “Lowest Unique Bid” can be the amount of interest close to or lower than the prevailing current interest rate. The amount lower than and even in some cases equal to or possibly higher than the current interest rate where no other bidder has bid the same amount of interest is considered the “Lowest Unique Bid”. Overall, remember t
