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Follow on Google News | Online Start Up Reshapes Mortgage Lending to Foreigners in USNew 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.
By: Dingow.com 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. It 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 End
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