Another national lead provider chooses to integrate with Marksman to benefit lenders
LINCOLN, Neb.--Mortech, Inc., a mortgage technology software company specializing in solutions for mortgage banking operations and secondary market teams, has finalized an integration with Lendage, a free, educational, impartial, mortgage-finding service for consumers. The company is a division of Bills.com. Through the new integration, Lendage will benefit from Mortech’s leading Product and Pricing Engine. Leads that lenders acquire through Lendage can be seamlessly imported into the Marksman lending management platform.
“Lendage is a provider of quality leads that are already partially qualified. This tight integration with Marksman will complete that process, moving real borrowers through the system quickly and into the LOS, allowing loan officers to be much more effective.”
“Successful lenders are securing mortgage leads from many sources and then counting on Marksman to sort out the deals that can close from those that shouldn’t even get to the LOS,” said Mortech Inc. president Don Kracl. “Lendage is a provider of quality leads that are already partially qualified. This tight integration with Marksman will complete that process, moving real borrowers through the system quickly and into the LOS, allowing loan officers to be much more effective.”
Ethan Ewing, president of Bills.com, which owns and operates the Lendage platform, compares this business to that of travel industry online service Kayak. “Searching for a home loan on one lender’s website will frustrate borrowers,” he said. “They want to shop like they shop for airline tickets. On the other side, we employ technology to validate the information the consumer is providing. Our goal is to improve the quality of the leads our lender is receiving, and empower the consumer to make the smarter decision. Mortech’s PPE will help us with that.”
Lendage uses Marksman’s pricing engine for a quicker turnaround time and can offer expanded loan options to customers. They power a number of websites across the Internet, providing mortgage loan information where consumers are most likely to search for it. When a consumer interacts with the company’s online tools, Lendage attempts to determine whether the consumer is a real mortgage borrower ready to buy a loan.
Lenders that use Marksman can then pull those loans into the system and complete the prequalification and entire lock process using Marksman’s secondary desk tools.
Throughout its history, Marksman has made it a priority to position itself as more than a Product and Pricing Engine by also handling the work necessary to separate borrowers from those consumers who either aren’t ready to purchase or cannot qualify for a loan. Consumers who do not qualify right away are nurtured through the Marksman system until they can be closed. The platform allows mortgage originators to streamline their operations, saving time and money while maximizing opportunities. It includes tools for simplifying, automating and organizing the entire mortgage lending process, from lead acquisition to assessment and marketing to processing.
To learn more about the benefits of incorporating online lending into your business strategy, sign up for a webinar on August 8 at 2:30pm CDT, hosted by Mortech and Lendage.
The Lendage platform is the most efficient way for mortgage shoppers to find and explore real rates and mortgage offers, customized for their specific situation. Lendage is operated by Bills.com, the leading resource for free and personalized money help. Founded by a group of financial experts dedicated to helping consumers save time, money and stress, Bills.com is designed to give consumers confidence in making money decisions. The site offers useful information, powerful tools, and real money experts to give consumers the information they need in the way that they want it. For more information, visit https://www.lendage.com.
About Mortech, Inc.
Mortech supplies all-in-one pricing, rate notification, prospect management tools, custom rate sheets, secondary marketing tools, loan product eligibility and guideline services to thousands of mortgage professionals. Marksman, Mortech’s flagship web-based software, provides lenders with tools designed to automate the loan process and manage sales cycles - increasing loan close-ratios dramatically. Through other integrations Marksman offers an Intelligent Credit Reporting Engine, a full Automated Underwriting System, connectivity to Fannie Mae's Desktop Underwriter or Freddie Mac's Loan Prospector, Bi-Directional Communication with Loan Origination Systems and a complete Document Management System. Mortech is recognized by Mortgage Technology Magazine as a Top 50 Service Provider for three years in a row and a Mortgage Technology Magazine 2010 Synergy Award Winner with partner, AllRegs. For more information, visit www.mortech.com.