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TMCNet:  Magilla Loans Launches Step-by-Step Portal to Help Borrowers Navigate Loan Process

[June 13, 2018]

Magilla Loans Launches Step-by-Step Portal to Help Borrowers Navigate Loan Process

SACRAMENTO, Calif., June 13, 2018 /PRNewswire/ -- Magilla Loans, America's search engine for loans which connects borrowers to banks without requesting personal information has created an essential step-by-step checklist for borrowers when closing a real estate loan. The portal helps borrowers understand the services they may need after securing a loan and whom can best provide those services. Angie's List co-founder and new Magilla Board member, Dr. Rao Unnava, will spearhead the initiative, taking charge of consumer activity on the site and perfecting the implementation of the new portal.

MAGILLA LOANS LOGO 2016

After a commercial or residential loan has been initiated, borrowers can use the portal to connect to partner companies for solutions, such as title, home warranty, insurance, et al. A step-by-step walkthrough of each and every vendor is tailored specifically to each borrower based on his/her navigation of the Magilla loans website.

"We can improve lending in America by simplifying the proess," said Magilla CEO, Dean Sioukas. "In the critical moments after a loan is secured, many borrowers do not know what they need next or whom to turn to for help. This step-by-step aims to eliminate this confusion and gives borrowers the information they need at a time when they need it most."

"Dr. Unnava created a simple and transparent platform for consumers and vendors through Angie's List," Dean added. "His experience and vast knowledge of the consumer will not just help Magilla breakthrough an age-old banking inefficiency, but also present best-in-class vendors to borrowers as they finalize the critical decision of buying a home or starting a business."

The Magilla platform provides borrowers with access to multiple financing options, including business, home, and real estate loans. Built using patent-pending technology, Magilla's platform connects a borrower to multiple lenders after answering a set of questions. Once a loan application is submitted, a borrower receives multiple loan proposals from numerous lenders, usually within 24 hours. If the borrower accepts a loan proposal, an introduction is made to the lender, which allows the borrower to remain anonymous and in full control throughout the process.

About Magilla Loans:
Magilla Loans is a search engine for loans which connects borrowers to banks without requesting personal information. The platform enables borrowers to search and compare loans without providing a name, social security, or phone number. The loan proposals are presented on its patented MagChart™, allowing borrowers to easily compare the loan terms and choose a lender. Magilla has already allocated billions of dollars in loans through its website since launching in January 2016.

Media Contact
jrobles@kcsa.com / cpanta@kcsa.com
KCSA Strategic Communications 
212-896-1231 / 212-896-1208

 

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SOURCE Magilla Loans


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