Mortech Blog

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Alexus Matulka

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Meet Mortech: Bhushan Suryawanshi

Posted by Alexus Matulka on Mar 20, 2020 12:47:25 PM

 

This week on Meet Mortech we want to introduce you all to our newest Data Engineer, Bhushan! 

 

Favorite part of the job: Getting to know how mortgage pricing works is really interesting to me. I really like the work culture at Mortech (Zillow Group). When I joined Mortech it really helped me to #DoTheRightThing, #TurnOnTheLights and #IncludeAndEmpower.

 

Favorite things to do on his days off: Having home cooked food and play with kids.

 

Favorite places to travel: Hawaii

 

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Mortech named to HousingWire’s 2020 TECH100™ list for innovative mortgage companies

Posted by Alexus Matulka on Mar 10, 2020 9:39:26 AM

 

We are grateful to have been named one of HousingWire’s 2020 TECH100™  top mortgage companies who are revolutionizing the mortgage lending process, announced last week by HousingWire.

 

This year HousingWire decided on their winning list of mortgage companies by focusing its attention on companies that are currently launching the digital mortgage space to the next level. The list includes companies that focus on every aspect of the mortgage process from servicing and secondary marketing to online rate quoting. The goal of creating an end-to-end digital mortgage experience is top of mind for all winning companies.

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Get Ahead in 2020 by Offering HomeReady Products

Posted by Alexus Matulka on Feb 13, 2020 12:24:45 PM

With 56% of buyers putting less than 20% down on their home mortgage, according to Zillow Group Consumer Housing Trends Report 2019, providing low down payment programs to borrowers who are shopping online can help you get ahead in 2020. We are excited to announce that we are now offering HomeReady Conforming 15- and 30-Year Fixed products for online quoting across our Marketplace partners.

 

What is a HomeReady mortgage?

 

A HomeReady mortgage is a first mortgage, purchase, or limited cash-out refinance transaction that is specifically designed for creditworthy, low-income borrowers who are looking to put down as little as 3% on their home mortgage. They can be used for both first-time home buyers and repeat borrowers. These products also allow for co-borrowers on the mortgage and contributions made from others living in the home. This is a great benefit for millennials who are looking to buy a home with friends or family members and do not have enough money to fund the loan themselves.

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Meet Mortech: Dustin Giddings

Posted by Alexus Matulka on Jan 17, 2020 2:31:55 PM

 

This week on Meet Mortech we want to introduce you all to one of our new Customer Success Managers, Dustin Giddings! 

 

Favorite part of the job: The best part about working for Zillow is the culture and how they take care of their employees. Mortech is in the Midwest and has a lot of the Midwest values. My favorite part about the job is building the relationships with the customers we interact with on a daily basis.

 

Favorite things to do on his days off: My favorite thing to do is spending the day at our lake/cabin where the girls can swim all day long.

 

Favorite places to travel: Ireland

 

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3 Reasons to Integrate Pricing into Your Loan Origination System Now!

Posted by Alexus Matulka on Jan 10, 2020 9:55:36 AM

Your loan origination system is already a great tool to keep you organized with your borrower requests and help them move from lead to close in an efficient way. Why not add in another layer to make your life easier and to keep moving through borrower leads faster than ever? By integrating your current loan origination system with our pricing engine, Marksman, you will see less manual work, be provided with one central location where you can move through the mortgage process with ease and stay relevant within the digital age.  

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Mortech Announces New Model for Customer Retention Platform

Posted by Alexus Matulka on Jan 8, 2020 10:45:43 AM

We are excited to announce that we have released an improved model for our predictive analytics platform, Mortech Protection. With this platform you can leverage Zillow’s data of more than 195 million unique website users to better align yourself to be the first lender to reach out to potential home sellers. Our new model will allow Mortech to identify a population of addresses within your customer database that are very likely to list for sale, of which 1 in 4 homes will list in the next 90 days.  

 

With 61% of today’s home sellers being synchronous sellers (sold a home and bought another in the past 12 months), according to Zillow Group Consumer Housing Trends Report 2018, being able to flag properties in your customer database that are currently listed for sale, or are very likely to list for sale in the near future can lower the chance of these properties dropping out of your mortgage loan portfolio.

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Meet Mortech: Abhi Sahu

Posted by Alexus Matulka on Dec 4, 2019 8:14:56 AM

 

This week on Meet Mortech we want to introduce you all to our new Product Manager, Abhi Sahu! 

 

Favorite part of the job: My favorite part of the job is being able to play multiple hats at Mortech such as shipping the best products, having empathy for the customers, and constantly finding new ways to innovate. I joined Mortech as it is one of the most innovative companies under Zillow Group. I get a lot of leadership and ownership opportunities. The culture here is also amazing!

 

Favorite things to do on his days off: I love photography, working out, watching sports and planning spontaneous trips.

 

Favorite places to travel: Scotland Highlands and Seattle

 

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3 Benefits of Integrating Pricing into Your Point of Sale Platform

Posted by Alexus Matulka on Nov 1, 2019 9:04:51 AM

With 53% of buyers using online resources when looking at financing options, according to Zillow Group’s 2019 Consumer Housing Trends Report, having mortgage rates from Mortech’s pricing engine integrated into your digital point of sale platform is a great way to present a consistent experience throughout the loan process. With point of sale integrations, Mortech is looking to improve the digital mortgage experience not only for lenders, but home buyers too.

 

Singular platform throughout application process

The mortgage application process can be daunting for many, especially for new buyers. Millennials specifically, are looking to do everything online including researching mortgage rates. 

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Marketplace Quoting Strategies for Lenders

Posted by Alexus Matulka on Sep 26, 2019 8:58:35 AM

Quoting rates online through our Marksman platform has never been easier! You are able to quote the products you want, when you want to the industry’s top online marketplaces. There are many positives to online quoting and when integrating all or most of the below strategies into your current workflow you will be setting your business up for the most success when it comes to lead management and brand visibility.

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Improved Product Features Available with New Encompass Release

Posted by Alexus Matulka on Aug 29, 2019 9:26:13 AM

Mortech’s integration with Encompass® by Ellie Mae® helps provide lenders with a pricing engine and secondary desk all in one. Eliminating the need for manual data entry you are able to automate the transfer of detailed loan pricing information from Mortech to Encompass. You are also able to create a custom, detailed experience that fits your business’ needs, because we understand that not every business is the same.

 

In July we launched a new release within Encompass that brought with it exciting new enhancements within theintegration. These new features have taken into account your feedback on the integration as well as added new updates that customize the experience even more.

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