Confer Inc

Confer Inc. is a San-Francisco based financial services company powered by blockchain technology, artificial intelligence and machine learning that specializes in finding the best mortgage rates for its clients. The company is established to disrupt the home mortgage process by finding savings for its consumers. The different services provided by Confer for its customers include- Compare-as-a-Service (CfaaS), Home Lending, Borrower Consultation, Financial Transparency, and BlockChain Lending. Confer app is the only product that allows the borrower to compare two or more official Loan Estimates.
Confer app was launched on April 1st, 2022, and will be available both in iOS and Android versions. 
==History==
The idea of Confer was sown by Yatin Karnik, the CEO and Founder of the company who aims to help home buyers make a conscious and favorable to them decision in choosing the right mortgage product amid rising interest rates.
While the Consumer Financial Protection Bureau, a US government agency, makes sure banks, lenders, and other financial companies treat borrowers fairly, they have also come up with a format for Loan Estimates for the convenience of the borrowers. However, a tool to compare official Loan Estimates doesn't exist. This is where Confer follows, the only tool that uses a patent-pending technology to compare two or more official mortgage Loan Estimates in order to find the most advantageous mortgage for a borrower. 
The company is on a mission to ubiquitize mortgage by creating an idiosyncratic mortgage that is customized to every borrower's custom financial need and property details. The platform allows peer-to-peer cryptographic trading that is irreversible and is open to all, regardless of borders. With 125+ years of combined experience in mortgage finance and technical expertise, Confer facilitates tools that enable borrowers to shop lenders and put them in a bargaining position.
In September 2022, the company relocated its headquarters from San Francisco to the Serendipity Labs coworking space in McKinney's Craig Ranch in Dallas, Texas.
==Platform==
Confer operates on an innovative mortgage platform powered by artificial intelligence and machine learning to customize a mortgage that is financially beneficial to the borrower. Confer’s app is a one-stop solution that provides borrowers with the ability to shop/compare and save - which allows the user to customize mortgage products to suit their needs. It is the most cost-effective option since it is available free of cost to the user. The app is built with the state of the art technology providing its users with fast and real-time results from calculating a simple monthly payment based on a given rate to picking a rate-point combination based on the term of mortgage. 
==Product and Services==
The different services provided by Confer for its customers include- Compare-as-a-Service (CfaaS), Home Lending, Borrower Consultation, Financial Transparency and BlockChain Lending. 
The Confer app is available free of cost for its users with a 100% satisfaction guarantee. It also provides users the options to negotiate better with their lender and helps them save their valuable time. Confer app is the only product that allows the borrower to compare two or more official Loan Estimates. The customers just need to upload or take a picture of their Loan Estimate from lenders, and the app will identify services and associated fees that they can shop for that are more affordable. It also helps compare mortgage offers with different interest rates and monthly payments while considering points, origination charges, and fees to find the most beneficial mortgage offering.
The platform also provides access to real-time analytics for its users by comparing official Loan Estimates and recommending the most favorable lender while customizing the mortgage transaction. The app suggests the customers affordable services to shop for from other lenders that might be cheaper. Confer also customizes mortgage terms like maturity term, points, temp buydowns for its users with the help of its optimization engine.
In addition to its services, Confer, Inc. offers various tools to simplify the mortgage process. Various tools provided by the company include a Competitive Offers Matching Tool, which analyzes the customer’s current mortgage products and compares them with better options using artificial intelligence; a Recommendations Tool that suggests customized loan options based on the customer’s needs and finances; a Refinance Calculator that helps customers with optimal refinancing options; an Affordability Calculator determining the customer’s ideal price range and loan options; a DAP Finder that helps users find down payment assistance programs; and a Home Equity LoC Payment Calculator that estimates monthly payments and rates for home equity lines of credit and loans.
==References==
==External links==
* Official website
* 
* 
* 
* 
* 
* Confer on Tiktok
Category:Companies established in 2021
Category:Companies based in San Francisco
Category:Financial services companies
Category:Artificial intelligence
Category:Machine learning