Mortgage Blog

The MortgageBite Marketplace Has Launched!

MortgageBite Marketplace

Exciting Announcement from

We are pleased to announce that after many months of work, we've finally done it! We heard your suggestions for the very first version of and done the unimaginable. We've built the world's first-ever mortgage lead auction platform.  The MortgageBite Marketplace is a premium residential mortgage lead generation service for NMLS approved loan officers and lenders.

How It Works

The MortgageBite Marketplace is an auction style process that allows consumers to submit a few simple details of their mortgage needs to our platform anonymously, where loan officers can then bid on their business with their best offer in real time. The consumer then selects the offer that's best for them, and the winning Loan Officer is instantly connected to that user and provided their contact information. Winning leads are always exclusive, so you don't have to fight for the consumer's attention. They become your client for life!


Best of all the cost of our exclusive leads are significantly cheaper than Lending Tree and Zillow. We did away multiple pricing models by allowing Professional Marketplace members to pay $59 per month for access to unlimited bids, and a flat fee of $20 per winning offer. There is no minimum or maximum of how many leads you can win, you control the outcome, and you can cancel at any time.


We will be rolling out our platform on a state by state basis over the next 12 to 18 months as we are approved by state regulators to operate in their respective regions. We are also looking for Loan Officers interested in our “development group” who will receive significant discounts for assistance in refining our platform and providing us suggested improvements and new features they would like to see, as well squash any bugs that arise. Stay tuned for more info on the MortgageBite Marketplace!

What's Next?

Sign up for your free MortgageBite Professional account and complete your profile including your state license numbers. That way we can make sure you have direct access to the MortgageBite Marketplace as soon as it's available in your area. And if you want to give your areas a bit of a boost, you will be able to vote at least once a day for your area as the final step!