LINCOLN, Neb.—April 16, 2014 — Mortech, a Zillow® business providing mortgage technology software solutions for mortgage bankers and secondary market teams, today announced that the company has been recognized by HousingWire Magazine as one of the 100 most innovative technology companies serving the U.S. housing industry.
The HW TECH100™ looks to find the housing economy’s 100 most innovative technology companies. The annual list is the first to look at the entire housing economy, spanning residential real estate to residential mortgage lending, servicing and investments. Editors received more than 400 nominations for the inaugural listing. The publication estimates that more than 600 technology firms and dot-coms offer solutions that serve this market.
“The revolution in mortgage and real estate technology is just getting started. What we’ve already seen happen in many other industries, from retail to news media, we’re now seeing take place on a grand scale in the U.S. housing economy. The HW TECH100™ recognizes those firms that are innovating the future of an industry that underpins much of the U.S. economic engine,” said Paul Jackson, Publisher and CEO, HousingWire.
“Innovation is an absolute requirement for success in any technology-focused venture,” said Don Kracl, vice president of mortgage tools for Zillow. “But here in the home finance industry where margins are tight, compliance costs are high and the cost to acquire new customers is very high, successful lenders rely on innovative partners to help them achieve success. We are proud of the part we play in that effort and proud that the editors of HousingWire saw fit to recognize us for it.”
“With more than 400 firms under consideration this year, selecting 100 was incredibly difficult – and making the cut should be considered a distinct honor. What really stands out to me is this: for the firms included in the 2014 HW TECH100™, the average reported customer growth rate year-over-year was a whopping 359 percent. This tells me that innovation is really taking off when it comes to the future of the housing economy,” said Jacob Gaffney, Executive Editor, HousingWire.
About Mortech, a Zillow business
Lincoln, Neb.-based Mortech was founded in 1987 to provide product and pricing engine solutions, including best execution pricing, AllRegs® eligibility, detailed profit structures and best execution 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® 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.
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AllRegs is a registered trademark of Mortgage Resource Center, Inc. Bankrate is a registered trademark of Bankrate, Inc. LendingTree is a registered trademark of LendingTree, LLC.