In the wake of its acquisition of Mortech, Zillow is added to the exclusive list of industry’s top services.
Mortech, Inc., a Zillow® business that provides mortgage technology software solutions for mortgage bankers and secondary market teams, announced today that parent company Zillow has been listed among the top 50 service providers in the U.S. mortgage lending industry, according to Mortgage Technology magazine. A story that included the list was published in the magazine’s spring edition.
“We’re very pleased to see Zillow on this list and to have Mortech’s business mentioned by the editors in the article,” said Don Kracl, vice president of Mortgage Tools for Zillow. “These reporters have covered our industry for many years and they know the difference between a top service provider and a new entrant into the marketplace that may not remain in the business. I’m very pleased to see Zillow on this list as it is a clear indication that the industry realizes both the importance of the company to lenders and its commitment to the industry.”
Mortech was listed among the top 50 service providers by the editors of Mortgage Technology in lists that appeared previous to the Zillow acquisition.
“Real estate data and technology provider Zillow strengthened its position in the mortgage industry by acquiring PPE technology developer Mortech,” wrote Mortgage Technology magazine’s editors in their spring edition. “The new subsidiary developed a consumer-facing communication portal to connect borrowers and loan officers and streamline the application process. Seattle-based Zillow created an iPad version of its Zillow Mortgage Marketplace mobile app to complement its existing apps for the iPhone and Android devices.”
About Mortech, Inc, a Zillow business.
Lincoln, Neb.-based Mortech, Inc. was founded in 1987 to provide product and pricing engine (PPE) solutions, including best execution pricing, AllRegs eligibility, detailed profits structures and best ex PMI, all for an extensive list of investors; lead management solutions, including a sophisticated sales dashboard, ratetracker, automated lead distribution and email marketing; and lock desk solutions, including lock pipeline management, custom reporting, LO compensation, LOS integration and the ability to lock directly with investors. Thousands of correspondent lenders, bankers, credit unions and smaller community lenders use Mortech’s tools. In addition, Mortech serves up mortgage product and pricing information to some of the top real estate and banking websites, including Zillow, BankRate® and LendingTree®. Mortech has been recognized by Mortgage Technology magazine as a Top 50 Service Provider every year since 2010. The company won a 2010 Mortgage Technology magazine Synergy Award with AllRegs. In 2012, Mortech was acquired by leading real estate information marketplace Zillow, Inc. To learn more about Mortech visit http://www.mortech.com.
Zillow is a registered trademark of Zillow, Inc. Mortech is a trademark of Zillow, Inc.