New integration allows both Mortech and FreeRateUpdate.com’s lender partners to push
real time mortgage offers to borrowers on FreeRateUpdate.com
LINCOLN, Neb. - September 3, 2020 - Mortech®, a Zillow Group business providing technology solutions for mortgage professionals, today announced a new technology integration with FreeRateUpdate.com, a mortgage rate marketplace that showcases available mortgage offers from industry-leading lenders. With this new integration, FreeRateUpdate.com will leverage Mortech’s product and pricing engine (PPE) to enable their lenders advertising on the platform to share their products and rates in real time.
“This newest integration gives lenders the power to stay competitive in today’s fast-paced mortgage marketplace, with the ability to push their live mortgage offers out to multiple platforms like FreeRateUpdate.com,” said Doug Foral, general manager at Mortech. “We’re focused on building technology and products that ultimately help simplify the digital mortgage experience for homebuyers, while also making it easier for lenders to grow their business.”
This new integration is a benefit to both borrowers and lenders using the FreeRateUpdate.com platform. By utilizing Mortech’s innovative online mortgage rate quoting system, FreeRateUpdate.com will help its advertising lenders extend their marketing reach, while giving borrowers access to more precise, real time rates and products to choose from.
“Integrating with Mortech allows us to offer a better experience by providing live, accurate mortgage offers and empowering the consumer to complete more of the shopping process themselves without the extra time spent back-and-forth on the phone and email. This is a win-win for both the consumers and the lenders we work with,” said Ed Ferrara, chairman at FreeRateUpdate.com.
To learn more about Mortech’s product and price engine visit http://www.mortech.com/.
About Mortech
Mortech supplies thousands of mortgage professionals with a number of services and tools, such as all-in-one pricing, customer retention, rate notification, custom rate sheets, loan product eligibility and guideline services. Founded in 1987, Mortech is based in Lincoln, Neb. and is owned and operated by Zillow Group, Inc. (NASDAQ:Z and ZG). Mortech is a registered trademark of Zillow, Inc. For more information visit: http://www.mortech.com/
About FreeRateUpdate.com
FreeRateUpdate.com is looking to save borrowers time during the stressful mortgage process by providing them with an easy to use platform where they can compare rates among lenders based on their specific scenario. FreeRateUpdate.com partners with hundreds of qualified lenders to give mortgage rate shoppers one convenient place to get multiple rate quotes. For more information please visit: http://www.freerateupdate.com/
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Media Contact:
Greg Bartosch
press@zillow.com