Home. There’s nothing like it. A place where you share meals with family and friends, dream about future, and miss when you’re anywhere else.
But for many, financing that dream home isn’t come easily. In fact, those already marginalized by the process—like women and minorities— tend to shop around less and pay higher rates.
That’s why we created Myolo: a safe, transparent, and simple place for people to shop and neogitate with vetted lenders using 1 application.
We hope you’ll join and support us on this important journey. Please reach out to us anytime via phone or at [email protected] to tell us how we’re doing and how we can better serve your needs.
Like all good ideas, Myolo started with trying to fix a problem. In 2008, right as financial crisis was moving into full swing, I started house hunting and bought my first home near downtown D.C. with my fiance.
Though it was small, to me it was mighty. A reflection of many years of hard work and scrappy saving. When a mortgage lender approved our loan I thanked the heavens and couldn’t wait for closing.
But less than a year later, I realized, in the wise words of Gob Bluth, that I’d made a huge mistake. Despite a career in financials services, I’d spent all my time negotiating with condo sellers, but not with mortgage lenders.
I’m not the only one. Nearly 1/2 of borrowers don’t shop around for their mortgage and 77% apply to just one lender (CFPB 2015). The process is time consuming, complex, and hard to trust to say the least.
And that’s why we at Myolo— a team with deep experience in real estate, finance, and technology— are passionate about building Myolo into tool that moves us through life’s milestones with ease.
Myolo is the only mortgage marketplace that connects borrowers to lenders through one common, technology driven application.
But it doesn’t stop there. Unlike our competition, we aren’t just lead generators. We only get paid by lenders when your transaction closes.
That’s why our local base of lenders and loan officers are carefully vetted, screened, and curated based on experience, capacity, and service.
Beyond that, we charge a fraction of what a typical mortgage broker is paid because we’ve used the latest technologies to bring efficiency and ease to your shopping and application experience.
Have any questions? Just ask here