LINCOLN, Neb.--(BUSINESS WIRE)--Mortech, a Zillow® business that provides mortgage technology software solutions for mortgage bankers and secondary market teams, today announced a new integration between Mortech’s Marksman® pricing engine feature and software from Kroll Factual Data, Inc. The integration will enable loan originators to get more accurate pricing by pulling a consumer’s credit earlier in the loan-pricing process.
“The integration will benefit loan officers by allowing them to seamlessly pull credit through Marksman. In the past, loan officers had to leave the system in order to retrieve this information for pricing,” said Don Kracl, vice president of mortgage tools at Zillow, Inc. “In addition, the integration with Kroll Factual Data allows loan officers to access credit reports earlier in the process so they can provide more accurate loan pricing and customer service.”
Now loan officers can review an HTML-formatted credit report directly from Kroll Factual Data or import it directly into the Marksman loan application. If the borrower is deemed to be qualified, the data can then be exported directly into the loan origination software, therefore increasing loan officer efficiency. In addition, loan administrators also can determine which loan officers have access to the Kroll Factual Data credit report.
"We agree with our colleagues at Mortech that credit should be pulled earlier in the process, as credit is a threshold component of any lending decision," said Damon Littlejohn, Director, Channels and Alliances at Kroll Factual Data. "We were impressed with the speed with which Mortech's integration team approached the problem, and delighted with the collaborative effort to produce the solution. This will absolutely benefit our common customers and the consumers they serve."
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.
Zillow, Marksman and Mortech are registered trademarks of Zillow, Inc.
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.
