Mortech, a Zillow Group business providing mortgage technology solutions for mortgage bankers and secondary market teams, is integrating its product and pricing engine (PPE) with MortgageHippo, a digital mortgage platform white-labeled to lenders to deliver a modern borrowing experience. The integration is meant to provide lenders with an online mortgage platform to confidently guide borrowers through the mortgage loan process.
Through the MortgageHippo platform, lenders can provide a more transparent online mortgage experience to improve borrower conversion and increase efficiency, according to a company press release. Using Mortech’s APIs for secure access to a lender’s portfolio of investors and custom pricing configurations for eligible products, borrowers will receive up-to-date and accurate mortgage rate quotes through the MortgageHippo lending platform.
“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,” Mortech General Manager Doug Foral said in the release. “Pairing our pricing engine with MortgageHippo’s digital mortgage platform provides an excellent mortgage experience for loan officers and lenders. 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 in the release. “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.”