Mortech, a Zillow Group business providing mortgage technology solutions for mortgage bankers and secondary market teams, recently announced a new integration between Mortech’s product and pricing engine (PPE) and BeSmartee, an automated online Smart Mortgage solution. The idea behind the new partnership is to provide lenders with a smart mortgage solution to streamline their origination, rate pricing, underwriting and closing processes.
With this integration, the intention is to offer lenders access to an end to end solution to capture mortgage shoppers looking for an intuitive and convenient online mortgage experience. Using any smartphone or desktop device, BeSmartee’s Smart Mortgage solution allows lenders to offer borrowers a self-service interface to complete the mortgage origination process. Mortech’s Marksman can automatically route borrower leads from consumer direct marketing websites such as Zillow, Bankrate, LendingTree and QuinStreet directly into the Smart Mortgage platform. Mortech’s integrated pricing engine helps lenders to ensure customers receive accurate mortgage rate quotes and facilitates lenders automatic best execution from their portfolio of investor pricing.
“Today’s borrowers expect convenient access to a combination of robust online self-service tools and professional support when shopping for their mortgage,” Mortech General Manager Doug Foral said in a press release. “Using Mortech’s extensive application program interfaces (APIs), partners like BeSmartee can leverage our accurate mortgage pricing and investor data to streamline direct rate quotes to borrowers and automate back-end lender operations, allowing lenders’ to focus providing exceptional service to borrowers.”
“Online mortgage shoppers want accurate real-time information and responses from professionals during the buying process,” BeSmartee Co-Founder Arvin Sahakian said in a press release. “Technology solutions that enable lenders to engage borrowers and automate information delivery, while delivering an automated application process, are essential for competing in today’s shifting online environment. Having accurate pricing automation, combined with loan origination automation, can be tremendously advantageous, allowing a lender to move quickly to provide accurate, up to date and customized loan product information for any borrower, thereby delivering an exceptional user experience.”