The Mortech Blog


FHA Reduces Annual Premiums on Most Mortgage Loans

Posted by Lori Rezac on Jan 17, 2017 1:11:19 PM

In an announcement made by U.S. Housing and Urban Development Secretary Julian Castro, FHA is reducing its annual mortgage insurance premium (MIP) by 25 basis points. This reduction applies to most new mortgages with closing/disbursement dates on or after January 27, 2017.

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Four Ways You Can Get 2017 Started on the Right Foot

Posted by Brian Hall on Jan 12, 2017 12:55:55 PM

Did you make any New Year’s resolutions? You shouldn’t just set goals for your personal life though; lenders should also set business goals for themselves, and set out to provide better service to their customers, get bigger returns, and improve overall performance. Fortunately, with Mortech at your side, these goals you set can be a lot more achievable than something like going to the gym every day.

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2016: The Year in Mortgages

Posted by Brian Hall on Dec 30, 2016 10:32:56 AM

The past year has been a busy one for the mortgage world. With 2016 in its final few days, we wanted to compare this year to 2015, and look at any changes year-to-year – something we did with 2015’s statistics this time a year ago.



Across the board, mortgage data took mostly positive turns over the past year. Average mortgage rates saw a decline – to be expected with the Fed’s choice not to raise rates – but the average LTV for the year also shrank compared to the year prior. Both of these are in spite of slightly lower average FICO scores, however that difference from a year ago is the most minimal of the three. Moving forward, average rates will likely discontinue their two-year decline, as the Fed has already announced that Fed Funds Rate increases will happen more than once in 2017.


As for months with the most lock activity, January went from first to worst in the twelve-month span, going from the month with the most locks in 2015 to the least in 2016. Meanwhile, August took over the top spot for most locks this year, which would make sense considering that rates were hitting their lowest point before starting to climb again in October and November.


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Meet Mortech: Zac Rabe

Posted by Brian Hall on Dec 22, 2016 1:03:28 PM

This week we're showcasing new Sales Executive, Mortgage Investor Relations, Zac Rabe. Zac lives in Lincoln with his wife Kali and their dog Rex.


Favorite things to do on his days off: I enjoy golfing, watching sports, working out, hanging out with friends and family, and being with my wife and dog.


Favorite place to travel: Phoenix or Denver.


Favorite time of the year: Fall because it’s football season.


What made him want to work at Mortech: I was approached by a current employee/long time friend regarding an open position here and the more I learned about the culture and how much the people enjoyed working here, the more I wanted to be a part of it.


One interesting fact about him: I have met Michael Jordan.


Last time we showcased Associate Account Manager Mike Russell, which you can read here. Or to learn more about Marksman, you can click here.

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Interest in Mobile Mortgage Resources Increasing

Posted by Lori Rezac on Dec 20, 2016 12:55:29 PM

Consumers and lenders have been slow to adopt the end-to-end mobile experience. But expectations are shifting for a more robust mobile experience, including for financial and mortgage activities. Fannie Mae conducted a survey with approximately 1,200 low-and moderate-income homebuyers in Q1 of 2016 of the consumer mortgage shopping and origination experience for purchase mortgages. What they found was a doubling of current and future interest for mobile mortgages from the previous year. This number is expected to be even higher for higher-income consumers.

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Meet Mortech: Mike Russell

Posted by Brian Hall on Dec 16, 2016 2:00:13 PM

This week we're showcasing new Associate Account Manager, Mike Russell. Mike lives in Lincoln with his wife Samantha.


Favorite things to do on his days off: I enjoy listening to music, seeing family and friends, and spending time with my wife and our three dogs.


Favorite place to travel: I enjoy travelling to my hometown to spend time on the ranch.


Favorite time of the year: Fall because of Husker football!


What made him want to work at Mortech: I enjoy the atmosphere and the people I work with every day.


One interesting fact about him: I went to a one-room schoolhouse as an elementary student, consisting of only two other people in my class.

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How Lenders and Point-of-Sale Tech are Leading the Digital Mortgage Revolution

Posted by Josh Lehr on Dec 16, 2016 11:26:17 AM

Over the last four years, people have dreamed of digitizing the mortgage process. As more online loan origination fintech disruptors have emerged over the last year, the mortgage industry has been put on notice, and their effect on the market is obvious.


At Mortech, we live by a set of core values, one of which is “Move Fast, Think Big”. Over the last year, my peers at Mortech and I have been working with some of the brightest minds in the industry that are moving fast and thinking big, by creating a better user experience for borrowers. 

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Mortech's Year in Review

Posted by Brian Hall on Dec 9, 2016 12:25:31 PM

2016 has been a busy year for the mortgage industry. Rates stayed relatively low, and we saw a number of tech innovations take center stage, such as the rise of API usage. In an effort to provide the best mortgage tools and service for our users, Mortech also had a busy 2016, and equally, we received some pretty cool accolades along the way.



Throughout the year, we worked to provide the best possible experience to our users, often in the form of integrations with other companies who, like-minded to us, wanted to provide top-tier mortgage services and tools:


  • We integrated with Daric’s point-of-sale and mortgage application and automation software, which provides a better online application experience for borrowers, and saves lenders time while increasing conversion rates.
  • We combined the audience of Quinstreet with the power and ease of Marksman, by enabling mortgage lenders to utilize interactive auto-quoting and real-time mortgage rates on Quinstreet’s mortgage advertising network.
  • We also integrated BytePro’s Loan Origination System with Mortech’s powerful loan pricing and eligible automation, allowing for better accessibility and more productive workflows for lenders.


Because of these, and other things, Mortech was also recognized for these innovations along the way. HousingWire included Mortech on the 2016 TECH100 list of innovative technology firms, the third consecutive year we’ve been a recipient. Our company was also named one of Lincoln’s “Best Places to Work” for the third consecutive year as well. That might be a reason for adding seven new employees to our ranks this year, who all share our mission to provide the best services and tools possible for our users.

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Loan Limit Increase for 2017

Posted by Lori Rezac on Dec 5, 2016 12:30:50 PM

The Federal Housing Finance Agency has announced an increase in the loan limits for loans acquired by Fannie Mae and Freddie Mac in 2017. The loan limit for a 1-unit in most of the country will be upped from $417,000 to $424,100.  This is the first baseline increase since 2006. Any increase in the loan limit was put on hold until the average U.S. home price returned to its pre-decline levels. This is the first year home prices have not been below the third quarter 2007 levels.

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FHA Releases Annual Report Showing Healthy Growth

Posted by Lori Rezac on Nov 28, 2016 12:28:29 PM

The U.S. Department of Housing and Urban Development has released its annual report showing healthy growth over this last year. For the second year in a row, the Mutual Mortgage Insurance (MMI) Fund is over the benchmark 2 percent. The capital ratio grew by $3.8 billion and is now at 2.32 percent. This is the fourth consecutive year of growth for the MMI Fund, according to the press release.

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