Mortgagebot, a division of Marshall & Ilsley Corporation (NYSE: MI), is a diversified financial services company, and spun-off as an independent company through a management led buyout in April 2001. A provider in the online mortgage lending arena, Mortgagebot combines its mortgage banking experience with leading-edge technology to create turnkey Internet solutions for mortgage lenders nationwide. Mortgagebot offers its internally developed, proprietary technology as a hosted, application service. Mortgagebot's web-enabled solutions are completely private-labeled, allowing clients to fully leverage their own brand and customer relationships. In September 2009, Mortgagebot was acquired by Spectrum Equity through a recapitalization. In March 2011, Mortgagebot was acquired by Davis + Henderson. The valuation of Mortgagebot was undisclosed. Other terms of the deal were not released.
Expert Collections containing Mortgagebot
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Mortgagebot is included in 1 Expert Collection, including Fintech.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Mortgagebot News
Sep 27, 2023
HousingWire open menu The goal is to facilitate document processing and income calculation September 27, 2023, 12:30 pmBy Sarah Marx This integration aims to enhance lender capabilities and facilitate document processing and income calculation, the statement said. “These integrations demonstrate our commitment to providing mortgage lenders the tools they need to excel,” Mary Kay Theriault, director of product management for Mortgagebot at Finastra, said in a statement. “Users of the Mortgagebot platform can process loan documents through automation and complete one of the more challenging tasks of calculating income for self-employed borrowers with ease. Being able to do both within the Mortgagebot user interface streamlines these tasks while giving borrowers a faster, smoother experience when buying or refinancing their home.” LoanLogics’ cloud-native digital assistant for document processing, IDEA OnDemand, brings automation and data accuracy to the mortgage origination process, the statement said. The integration also facilitates data reconciliation between Finastra Mortgagebot and IDEA OnDemand, using a side-by-side table to compare LOS data with extracted data. Finastra Mortgagebot also integrated LoanBeam Tax, a solution that helps determine qualifying income for self-employed borrowers right from within Finastra Mortgagebot. It automatically extracts all income data, checks for missing documents and calculates borrower’s qualifying income according to Investor guidelines. “Both integrations bring a new level of efficiency, accuracy, and automation to Finastra’s Mortgagebot users, who can use LoanLogics’ advanced technology to streamline processing and underwriting workflows, improve data quality, and enhance the borrower experience,” said Terrell Cassada, evp, product architecture & innovation at LoanLogics. Last June, DocMagic , a provider of loan document generation and eMortgage services, announced the integration of its Total eClose platform with Finastra‘s MortgagebotLOS solution. More:
Mortgagebot Frequently Asked Questions (FAQ)
When was Mortgagebot founded?
Mortgagebot was founded in 1998.
Where is Mortgagebot's headquarters?
Mortgagebot's headquarters is located at 1000 West Donges Bay Road, Mequon.
What is Mortgagebot's latest funding round?
Mortgagebot's latest funding round is Acquired.
Who are the investors of Mortgagebot?
Investors of Mortgagebot include Davis + Henderson, Spectrum Equity and Management Buyout (MBO).
Who are Mortgagebot's competitors?
Competitors of Mortgagebot include ISGN and 1 more.
Compare Mortgagebot to Competitors
ISGN specializes in mortgage processing knowledge process outsourcers (KPO), software, and services providers. It designs, builds, implements, and delivers a comprehensive suite of mortgage technology products for banks, lenders, servicers, and more. The company was founded in 2006 and is based in Melbourne, Florida. In 2019, ISGN was acquired by Sagent Lending Technologies.
PCLender is a provider of enterprise web-based mortgage software and mortgage lending technology solutions for mortgage companies, credit unions, and community banks. On August 1, 2017, PCLender was acquired by Fiserv. The terms of the transaction were not disclosed.