was started out of
complete frustration. While trying to refinance his
home mortgage, James Scott (founder and President
of LoanBehold) tried using several online services
that promised to contact a handfull of local lenders
with a request for a mortgage rate quote. To his dismay,
James quickly discovered that those online services
were simply mortgage lead brokers in the business
of selling mortgage lead information.
These lead brokers sold his information to other lead
brokers, who all sold his information to dozens of
mortgage brokers all over the country. James became
painfully aware of the distribution of his personal
information when his phone began ringing off the hook
with persistant calls from mortgage brokers in all
corners of the country. This began the confusing process
of attempting to weed through mortgage offers—some
legitimate; most not—and answering the same
questions from every caller.
These calls continued for months as his information
continued to circulate—long after James had
closed on his mortgage with a local mortgage company
referred by a friend.
This experience (and the horror stories of many others)
was the inspiration for LoanBehold.com. The concept
is a free mortgage referral and negotiation service
where the customer submits one loan request and has
a single point of contact with an expert mortgage
We take your loan request, present it to pre-screened
mortgage lenders in your area, and allow them to bid
on the loan with their best offer. We sift through
the offers and present you with your best options.
We can answer your questions as well as make recommendations
and suggestions regarding different mortgage programs.
Once you decide on your best option, you are free
to contact the lender directly and close on your loan.
We have worked hard to put you in the "driver's
seat" and make the process of getting a great
mortgage as clear and simple as possible.
How it Works...