SafeRate

Safe Rate is a mortgage shopping service for borrowers in the United States. A user enters a loan scenario, including the goal, price, down payment and credit score, and the service ranks more than 2,300 lenders for that scenario and returns real quotes that can be compared side by side. The site describes the process as taking under a minute and being carried out through an AI powered chat. Lenders are scored on five measures drawn from public loan data and quote response times: pricing, pull through, place, product and promptness. The site states that lenders cannot pay to change their rankings. Users stay anonymous while they compare, and their phone number and contact details are shared only after they review a quote and choose to move forward. Borrowers can also build a single loan application and share it with the lenders they select, including lenders or brokers they invite. Safe Rate is aimed at home buyers and refinancers who want to compare offers without their contact information being sold as a lead. The site cites Freddie Mac research that borrowers who compared four or more lenders saved at least $1,000 per year. The site does not publish a price for borrowers.