{"id":3173,"date":"2021-02-08T12:14:03","date_gmt":"2021-02-08T20:14:03","guid":{"rendered":"https:\/\/wiibid.com\/?p=3173"},"modified":"2021-02-11T09:25:23","modified_gmt":"2021-02-11T17:25:23","slug":"leverage-nobel-prize-winning-auction-theory-to-get-the-best-mortgage-rates","status":"publish","type":"post","link":"https:\/\/wiibid.com\/?p=3173","title":{"rendered":"Private Mortgages Powered By Nobel Prize Winning Theory"},"content":{"rendered":"
\n

Last year\u2019s Nobel Prize<\/a> in Economic Sciences was awarded to Paul Milgrom and Robert Wilson who have analyzed the function of auctions and have designed new auction formats that can be implemented for various platforms and products that are deemed challenging to sell traditionally.<\/p>\n

Well, what is auction theory? Auction theory is a selling model that creates an economic equilibrium between the buyer, seller, and overall price point. Sellers can implement auction theory into their business strategies, providing agency to their buyers to obtain a lower cost. As a part of Milgrom and Wilson\u2019s research findings, they\u2019ve theorized that auctions allow common values, along with private values which are both factors dependent on the bidder.<\/p>\n

The most efficient way to discover prices in any market is through auctioning, as bidders are aware of others estimated values during the bidding process. This research is helping to shape the future of FinTech and modern telecommunications, benefiting how you and I navigate better value as consumers within many industries.<\/p>\n

Within the mortgage industry, WiiBid empowers consumers and creates choices by presenting lenders with an application, letting them bid for the business thereby creating instant competition and automatic lowest possible rate.<\/p>\n

WiiBid applies auction theory by creating a marketplace that promotes direct engagement between lenders and borrowers within the private and alternative mortgage industry. The technology not only centralizes and automates much of the process, but also creates a competitive environment so that lender\u2019s can find the best deals suitable for their risk\/return preferences. Meanwhile borrowers benefit from the best deals whether they are shopping for a specific rate or extra leverage.<\/p>\n

Having launched in BC this in fall 2020, WiiBid\u2019s warm welcome to our province has gotten the mortgage industry excited and ready to explore it\u2019s benefits. With over $1billion CAD dollars in lending capacity and growing, WiiBid is ready to provide locals with stellar financing solutions. Take home the prize, and join WiiBid<\/strong><\/a> to optimize your financing potential; saving your time and money, and getting you funded faster or if you are already an experienced lender, run your lending operations and let us do originate for you.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Last year\u2019s Nobel Prize in Economic Sciences was awarded to Paul Milgrom and Robert Wilson who have analyzed the function of auctions and have designed new auction formats that can be implemented for various platforms and products that are deemed challenging to sell traditionally. Well, what is auction theory? Auction theory is a selling model […]<\/p>\n","protected":false},"author":4,"featured_media":3264,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[21,11,17,10,20],"class_list":["post-3173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-alternative-lending","tag-canadian-mortgage","tag-fintech","tag-private-lender","tag-private-mortgage"],"yoast_head":"\nPrivate Mortgages Powered By Nobel Prize Winning Theory - WiiBid<\/title>\n<meta name=\"description\" content=\"Learn how WiiBid applies Nobel Prize winning Auction Theory, to help their clients access the best rates though a customized private mortgage!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wiibid.com\/?p=3173\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private Mortgages Powered By Nobel Prize Winning Theory - WiiBid\" \/>\n<meta property=\"og:description\" content=\"Learn how WiiBid applies Nobel Prize winning Auction Theory, to help their clients access the best rates though a customized private mortgage!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wiibid.com\/?p=3173\" \/>\n<meta property=\"og:site_name\" content=\"WiiBid\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-08T20:14:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-11T17:25:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/secureservercdn.net\/198.71.233.66\/27l.08b.myftpupload.com\/wp-content\/uploads\/2021\/02\/Powered-by-Award-Winning-Auction-Theory-Blog-Post-Resize.jpg?time=1665182602\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"460\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ferdinand Fehring\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ferdinand Fehring\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=3173#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=3173\"},\"author\":{\"name\":\"Ferdinand Fehring\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/#\\\/schema\\\/person\\\/82b51b70c3ba89bbfa4536c6c1d5a036\"},\"headline\":\"Private Mortgages Powered By Nobel Prize Winning Theory\",\"datePublished\":\"2021-02-08T20:14:03+00:00\",\"dateModified\":\"2021-02-11T17:25:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=3173\"},\"wordCount\":369,\"publisher\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=3173#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wiibid.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Powered-by-Award-Winning-Auction-Theory-Blog-Post-Resize.jpg\",\"keywords\":[\"Alternative Lending\",\"Canadian mortgage\",\"FinTech\",\"Private lender\",\"Private Mortgage\"],\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=3173\",\"url\":\"https:\\\/\\\/wiibid.com\\\/?p=3173\",\"name\":\"Private Mortgages Powered By Nobel Prize Winning Theory - 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