Lenders utilizing Mortech’s product and pricing engine can now advertise their mortgage products and offerings onto the Home Lending Pal platform to better connect with potential borrowers in a contactless way. As an anonymous marketplace, lenders and borrowers will only match when the borrower shows interest in what the lender has to offer on the specific home they have entered into the platform. Helping lenders build out a higher-intent pipeline of borrower leads, that are actually interested in what the lender has to offer and are in need of more information from them specifically.
Home Lending Pal’s ethereum-based platform will ensure fast and secure communication between banks and other financial institutions and allow users to confirm customer data accuracy quickly. They are expanding the platform to be an end-to-end blockchain solution that retrieves and verifies data fast and securely from third-party data providers, including land offices and government agencies. At the same time, the back-end provides real-time risk monitoring in loan applications.
Borrowers using the platform are given the tools they need to:
The pandemic brought with it the need for a digital space where home shoppers could safely and easily get the same assistance they received in person when it came to buying a home, but now virtually. Marketplaces, like Home Lending Pal, have given home buyers a platform where they can find the resources they need to close on their dream home confidently, as well as provide lenders with the tools they need to advertise the best products and offerings they have with these potential borrowers.
This new integration between Home Lending Pal and our product and pricing engine is going to play a huge role in our goal to continue to bring simplicity to the digital mortgage process for homebuyers, as well as make it easier for our lenders to grow their business’ by providing offers out to additional markets. For more information on how you can leverage this integration in your current business flow please contact our Partner Relationship Manager, Mike Russell, at mikeru@zillowgroup.com, or reach out to your Customer Success Manager.