Mortech said the integration helps lenders comply with mortgage-rate advertising regulations
Mortech has integrated its product and pricing engine with MortgageHippo’s digital mortgage platform in an effort to provide borrowers with real-time, compliant mortgage rate quotes.
Mortech is a Zillow Group business that offers mortgage technology products to mortgage bankers and secondary market teams. Mortech’s application program interface allows secure access to a lender’s portfolio of investors and pricing configurations for eligible products. With the integrated into the MortgageHippo lending platform, borrowers can receive up-to-date and accurate mortgage rates quotes.
The companies have solidified their partnership after top mortgage lenders have successfully adopted the integrated product.
“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,” Mortech General Manager Doug Foral said. “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,” MortgageHippo CEO Valentin Saportas said. “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.”
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Mortech is a Zillow Group business that offers mortgage technology products to mortgage bankers and secondary market teams. Mortech’s application program interface allows secure access to a lender’s portfolio of investors and pricing configurations for eligible products. With the integrated into the MortgageHippo lending platform, borrowers can receive up-to-date and accurate mortgage rates quotes.
The companies have solidified their partnership after top mortgage lenders have successfully adopted the integrated product.
“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,” Mortech General Manager Doug Foral said. “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,” MortgageHippo CEO Valentin Saportas said. “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.”
Related stories:
MortgageHippo names chief strategy officer
Mortgage software vendors boost capabilities
