Mortgagebot
 | This article includes a list of general references, but it lacks sufficient corresponding inline citations. (February 2013) |
Mortgagebot is an online mortgage-handling platform used by banks and credit unions. Mortgagebot is used by regulated banks and credit unions in the United States.
History
[edit]In 1997, Mortgagebot was formed as the mortgage subsidiary of M&I 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.[citation needed]
In 2001, Mortgagebot was spun off from M&I Bank in a management-led buyout.[1]
In April 2011, Davis + Henderson acquired Mortgagebot LLC for $231.8 million in cash.[2][3]
In 2014, D+H Mortgagebot became D+H.[4] At that time, Mortgagebot was used by 1,400 banks and credit unions throughout the United States, originating over US$150 billion in mortgage applications annually.[citation needed]
In 2017, D+H merged with Misys to become Finastra.[5]
Products
[edit]- Direct: An online application, pricing, and approval program that personalizes the mortgage-application process based on borrower information and transaction type.
- Advisor: A program that enables branch-based bank or credit-union associates to take accurate mortgage applications from borrowers.
- Pro: A program designed to automate the mortgage-application process for professional loan officers.
- Mobile: A program 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.
Awards
[edit] | This article needs additional citations for verification. (July 2022) |
- 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
[edit]- ^ www.bizjournals.com https://www.bizjournals.com/milwaukee/stories/2005/09/26/daily26.html. Retrieved 2022-10-22.
{{cite web}}: Missing or empty|title=(help) - ^ "Canadian firm buys Mequon's Mortgagebot for $231.8 million". Retrieved 2017-11-17.
- ^ Markets, TD Securities-Equity Capital (2011-03-24). "Davis + Henderson Agrees to Acquire Mortgagebot LLC, America's Leading Web-Based Mortgage Technology Provider for US $231.8 Million". GlobeNewswire News Room (Press release). Retrieved 2022-10-22.
- ^ "D&H Rebrands Harland". Credit Union Times. Retrieved 2022-10-22.
- ^ PYMNTS (2017-06-16). "Finastra Formed By Misys, D+H Merger". www.pymnts.com. Retrieved 2022-10-22.