- Mortgagebot
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Mortgagebot LLC develops and markets online technology solutions for automating the process of mortgage applications, pricing, approval, and disclosure. Mortgagebot products are “cloud computing” solutions that Mortgagebot hosts for regulated banks and credit unions in the United States. In 2009, Mortgagebot was included in Inc. Magazine's list of 5000 Fastest Growing Private Companies.[1] In 2010 Forrester Research, Inc. named Mortgagebot one of its Hot Banking Tech Companies to Watch in 2010.[2]
Contents
History
In 1997, Mortgagebot was formed as the mortgage subsidiary of M&I Bank, a large Midwestern bank. The bank’s consumer-direct system for taking mortgage applications was originally developed to enable M&I’s mortgage business to take advantage of the growth of the Internet. A business opportunity became evident, and the company created PowerSite®, a cloud-computing solution for originating mortgages on the World Wide Web.
In 2001, Mortgagebot was spun off from M&I Bank in a management-led buyout.
In April, 2011, Davis + Henderson acquired Mortgagebot LLC, America’s Leading Web-Based Mortgage Technology Provider. Davis + Henderson has served the needs of the financial services industry since 1875.
Mortgagebot currently hosts Mortgage websites for nearly 1,000 banks and credit unions nationwide, which originate over $150 billion in mortgage applications annually using the PowerSite product family.
Products
- PowerSite Consumer: An intelligent, interactive, online application, pricing, and approval solution that personalizes the mortgage-application process based on borrower information and transaction type. PowerSite’s proprietary technology enables a borrower to complete a mortgage application via the Internet a matter of minutes rather than hours.
- PowerSite Advisor: A solution that enables branch-based bank or credit-union associates—who are not normally mortgage experts—to take accurate mortgage applications from borrowers.
- PowerSite Pro: A solution designed specifically to automate the mortgage-application process for professional loan officers. Loan officers can also use PowerSite Pro to help borrowers finish applications that were started on the Internet.
- PowerSite Mobile: A solution that enables mortgage lenders to deliver real-time mortgage-pricing information to consumers in an easy-to-understand format that is optimized for mobile devices.
Mortgage Marvel: A mortgage-shopping website that enables borrowers to compare real-time mortgage quotes from a variety of banks and credit unions that serve their area.
Mortgagebot in the News
- What It Takes to Be a Winner - Mortgage Technology magazine
- A Bridge Over Troubled Waters - Mortgage Banking magazine
- Lenders Make the Most of App Technology - National Mortgage News
- Loan officers up volume with online lending tools - CUNA News
- Study finds: 71 percent of mortgage lenders will adopt “smart” online technology - Mortgage Professional Magazine
Awards
- Winner, Mortgage Technology magazine: “10X” Award (2001), “Synergy” Award (2002), “Lasting Impact” Award (2005)
- Repeat winner: Mortgage Technology magazine’s “Top Service Provider” Award (2005–2010)
- Inc. 500: America’s Fastest Growing Companies (2006)
- Repeat winner, Metro Milwaukee Association of Commerce (MMAC) “Future 50” Award (2005–07)
- Winner, Finovate 2007 “Best in Show” Award
- Winner, Milwaukee Magazine “Best Places to Work in Southeastern Wisconsin” Award (2008)
- Winner, Cornerstone Advisors’ “Walking the Vendor Walk” Award (2009)
- Designated “Hot Banking Tech Company to Watch in 2010” by Forrester Research
- Winner, Milwaukee Journal Sentinel “Top Workplace in Southeastern Wisconsin” Award (2010)
- Inc. 5000: America’s Fastest Growing Companies (2010)
References
External links
Categories:- Financial software companies
- Banking software companies
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