Tuesday, January 21, 2014

Social Media a Tool for Lenders to Vet Borrowers?

Some lending companies reportedly are using social networks such as Facebook and Twitter to vet mortgage applicants before agreeing to issue them a loan.

Lenders are checking to see if applicants list the same job information on their loan applications as they do on LinkedIn, whether they revealed a job termination on Facebook, and even searching for negative reviews on eBay, The Wall Street Journal reports. 

Fair Isaac Corp., which provides credit scoring, is one company that says it may one day add social media into its scoring system.

"There could come a time where certain social media could be predictive, and we're looking at that — but it isn't yet," Anthony Sprauve, senior consumer-credit specialist at FICO, told the Journal.

A San Francisco company known as LendUp asks applicants to voluntarily share their Facebook and Twitter profiles, as well as information from other social networking accounts, and the company uses it to gauge borrowers’ risks and verify identities. 

"It's one of the tools we use to do underwriting," says Sasha Orloff, co-founder and chief executive at LendUp. "Do you have 4,000 friends but none are that close, or do you have 30 people but they're very close? There are ways to measure how engaged and how strong your community ties are.”

But the social media check-ups have some consumer groups and regulators alarmed. They worry that it will result in some applicants being unfairly denied credit or given a higher interest rate. 

The Consumer Financial Protection Bureau told the Journal that it is fully aware that some businesses are exploring using social media to inform their credit decisions, but it has not issued any policies against it. 

Source : http://realtormag.realtor.org/daily-news/2014/01/09/social-media-tool-for-lenders-vet-borrowers?om_rid=AAFTbn&om_mid=_BS2FZmB83rhgte&om_ntype=NARWeekly

Search homes for sale or rent with our new Premier Real Estate Search website, www.realtyconnectmn.com. Our site is updated daily with the latest available Real Estate inventory in the Twin Cities and surrounding areas. 

Contact us today about any of your Real Estate needs. 

Buy, Sell, Lease, Manage, Full Service Real Estate Team

RealtyConnect

3169 Fernbrook Ln N

Plymouth, MN 55447

+Erik Laine +chrissy fallon +RealtyConnect +Jesse Halverson +David Timmons 

(763) 447-3151

Monday, January 20, 2014

$1,100 - MLS # 4440907 5231 Balmoral Lane Bloomington, MN 55437

Rental Real Estate in Bloomington MN at 5231 Balmoral Lane







Nice updated upper level 2 bedrm full size washer & dryer,wood burning fireplace, new wood flooring new carpet in bedrms, basic cable included in rent.

Erik Laine
Broker

(612) 234-1439 Cell
(763) 447-3151 Office
http://www.realtyconnectmn.com
Realty Connect
3169 Fernbrook Lane N
Plymouth, MN 55447
763-447-3151
612-605-3305 Fax

Each office independently owned and operated


Scan with your Smartphone for mobile listing

http://www.realtyconnectmn.com/real-estate/Greater-Minnesota/Rental/property/4440907-5231-Balmoral-Lane-Bloomington-MN-55437/
+Erik Laine +chrissy fallon +RealtyConnect +Jesse Halverson
Search homes for sale or rent with our new Premier Real Estate Search website, www.realtyconnectmn.com. Our site is updated daily with the latest available Real Estate inventory in the Twin Cities and surrounding areas. 

Contact us today about any of your Real Estate needs. 

Buy, Sell, Lease, Manage, Full Service Real Estate Team

RealtyConnect

3169 Fernbrook Ln N

Plymouth, MN 55447

(763) 447-3151

Friday, January 17, 2014

Open house, Sunday 12-2 pm, Free Kindle Fire HD Door Prize to be given away!

Come check out this beautifully remodeled 4 BD / 2 BA house. Drinks and snacks will be provided. Free Kindle Fire HD will be given away as door prize, all who come may enter to win! Sunday January 19th, from 12-2pm.

Residential Real Estate for Sale in Minneapolis MN at 1643 N Russell Avenue







Brand new, bright remodeled home! Main level HW floors, FP in living room. Kitchen w/ granite tops, maple cabinets, stainless appliances. 2 BD main level with full BA. Large finished basement w/ 2 BD, 3/4 BA and large family room. Will not last long!

Erik Laine
Broker

(612) 234-1439 Cell
(763) 447-3151 Office
http://www.realtyconnectmn.com
Realty Connect
3169 Fernbrook Lane N
Plymouth, MN 55447
763-447-3151
612-605-3305 Fax

Each office independently owned and operated


Scan with your Smartphone for mobile listing

Check out our new Premier Real Estate Search website, www.realtyconnectmn.com, updated daily to keep you on top of the current available Real Estate inventory. 

Contact us today about any of your Real Estate needs. 

Buy, Sell, Lease, Manage, Full Service Team

RealtyConnect

3169 Fernbrook Ln N

Plymouth, MN 55447

(763) 447-3151

Tuesday, January 14, 2014

$295,000 - MLS # 4439698 1649 SW Kramer Avenue Middleville Twp, MN 55349

Residential Real Estate for Sale in Middleville Twp MN at 1649 SW Kramer Avenue







7.4 acres in secluded valley on the Crow River.Woods,wild life,lg pond,park-like setting. South exposure. '92 blt home 5br/3ba,3 car gar w/huge home off w/views like no other!Vermont cast iron wood stove on genuine fieldstone.Borders parkland.

Erik Laine
Broker

(612) 234-1439 Cell
(763) 447-3151 Office
http://www.realtyconnectmn.com
Realty Connect
3169 Fernbrook Lane N
Plymouth, MN 55447
763-447-3151
612-605-3305 Fax

Each office independently owned and operated


Scan with your Smartphone for mobile listing

http://www.realtyconnectmn.com/real-estate/Greater-Minnesota/Residential/property/4439698-1649-SW-Kramer-Avenue-Middleville-Twp-MN-55349/
+Erik Laine +RealtyConnect +Jesse Halverson +David Timmons
Search homes for sale or rent with our new Premier Real Estate Search website, www.realtyconnectmn.com. Our site is updated daily with the latest available Real Estate inventory in the Twin Cities and surrounding areas. 

Contact us today about any of your Real Estate needs. 

Buy, Sell, Lease, Manage, Full Service Real Estate Team

RealtyConnect

3169 Fernbrook Ln N

Plymouth, MN 55447

(763) 447-3151

$1,395 - MLS # 4439708 3900 N 62nd Avenue Brooklyn Center, MN 55429

Rental Real Estate in Brooklyn Center MN at 3900 N 62nd Avenue







This 4 bedroom, 2 full bathroom home offers hardwood floors throughout, a large family room in the lower level, laundry room with large work bench and lots of extra storage. Lower level bath has heated tile floor and large walk-in tile shower.

Erik Laine
Broker

(612) 234-1439 Cell
(763) 447-3151 Office
http://www.realtyconnectmn.com
Realty Connect
3169 Fernbrook Lane N
Plymouth, MN 55447
763-447-3151
612-605-3305 Fax

Each office independently owned and operated


Scan with your Smartphone for mobile listing

Search homes for sale or rent with our new Premier Real Estate Search website, www.realtyconnectmn.com. Our site is updated daily with the latest available Real Estate inventory in the Twin Cities and surrounding areas. 

Contact us today about any of your Real Estate needs. 

Buy, Sell, Lease, Manage, Full Service Real Estate Team

RealtyConnect

3169 Fernbrook Ln N

Plymouth, MN 55447

(763) 447-3151

Monday, January 13, 2014

$1,200 - MLS # 4436472 4050 NE 5th Street Columbia Heights, MN 55421

Rental Real Estate in Columbia Heights MN at 4050 NE 5th Street







Cozy three bedroom home with many updates. New windows, Freshly painted inside and out. New carpet & hardwood floors , three season porch. Two block walk to University Avenue bus route. Must See

Erik Laine
Broker

(612) 234-1439 Cell
(763) 447-3151 Office
http://www.realtyconnectmn.com
Realty Connect
3169 Fernbrook Lane N
Plymouth, MN 55447
763-447-3151
612-605-3305 Fax

Each office independently owned and operated


Scan with your Smartphone for mobile listing

Search homes for sale or rent with our new Premier Real Estate Search website, www.realtyconnectmn.com. Our site is updated daily with the latest available Real Estate inventory in the Twin Cities and surrounding areas. 

Contact us today about any of your Real Estate needs. 

Buy, Sell, Lease, Manage, Full Service Real Estate Team

RealtyConnect

3169 Fernbrook Ln N

Plymouth, MN 55447

(763) 447-3151