Partnership provides borrowers with real-time, compliant mortgage rate quotes for a more reliable online borrowing experience.
LINCOLN, Neb.—September 27, 2017 — Today, Mortech®, a Zillow Group business providing mortgage technology solutions for mortgage bankers and secondary market teams, announced a new integration between Mortech’s product and pricing engine (PPE) and MortgageHippo®, a digital mortgage platform white-labeled to lenders to deliver a modern borrowing experience. The integration provides lenders with an online mortgage platform to confidently guide borrowers through the mortgage loan process.
Through the MortgageHippo platform, lenders can provide a more transparent online mortgage experience to improve borrower conversion and increase efficiency. Using Mortech’s APIs for secure access to a lender’s portfolio of investors and custom pricing configurations for eligible products, borrowers will receive up-to-date and accurate mortgage rate quotes through the MortgageHippo lending platform. Mortech and MortgageHippo are solidifying their partnership following the successful adoption of the integrated solution by some of the nation’s top mortgage lenders.
“To keep pace with borrower expectations and comply with mortgage rate advertising regulations, lenders need a reliable pricing engine to deliver efficient and accurate rate data when and where they need it. Pairing our pricing engine with MortgageHippo’s digital mortgage platform provides an excellent mortgage experience for loan officers and lenders.” said Doug Foral, General Manager of Mortech. “Long term adoption of the solution by our top mutual customers is a real testament to the platform, and we’re excited to onboard additional lenders who see the opportunity in having a streamlined digital borrower experience.”
“By working with Mortech and MortgageHippo, industry-leading mortgage lenders have seen the distinct value in providing accurate mortgage quotes to consumers shopping around,” said Valentin Saportas, CEO of MortgageHippo. “By delivering on consumer expectations, these lenders have realized increased engagement and higher closing conversion for all of their borrowers. To date, borrowers have been able to access rates on several thousand applications through the MortgageHippo integration with Mortech.”
Mortech supplies thousands of mortgage professionals with a number of services and tools, such as all-in-one pricing, rate notification, prospect management tools, 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).
Zillow, Mortech and Marksman are registered trademarks of Zillow, Inc.
For more information, visit: http://www.mortech.com/.
MortgageHippo works with lenders to devise and implement their digital mortgage strategies using its borrower-centric digital lending platform. The MortgageHippo platform allows lenders to deliver a modern borrowing experience, improve borrower conversions, significantly reduce origination costs and integrate with other innovative technologies. MortgageHippo's platform is fully customizable to lender preferences and configurable to lenders' workflows and processes.
MortgageHippo is a registered trademark of MortgageHippo, Inc.
For more information, visit www.mortgagehippo.com.
Contact: Katie Sheridan
402-441-4647 ext. 83561