Mortech Adds LendingTree LoanExplorer Product

LINCOLN, Neb.--(BUSINESS WIRE)--Mortech, Inc.™, a Zillow® business that provides mortgage technology software solutions for mortgage bankers and secondary market teams, announced today the successful integration of LendingTree’s new LoanExplorer product into Mortech’s suite of marketing and Point of Sale tools for mortgage originators. LendingTree® announced the availability of LoanExplorer earlier this week.

“The online loan marketplace is an excellent source of mortgage leads for originators who are responsive and ready to interact with consumers quickly”

“The online loan marketplace is an excellent source of mortgage leads for originators who are responsive and ready to interact with consumers quickly,” said Don Kracl, vice president of Mortgage Products Zillow. “LoanExplorer is an advanced second generation loan marketplace, designed specifically for consumers, lenders and publishers. Having worked with LendingTree for many years, we were able to evaluate the new offering and made the decision to integrate it immediately.”

LoanExplorer allows consumers to access a real-time, informative mortgage shopping experience, by comparing loan product details, costs and rates based on their individual financial situation. Borrowers can then choose to connect with the lenders that match their needs.

Mortech’s Marksman allows the loan originator to quickly respond to these consumer inquiries, initiating the relationship and providing accurate loan pricing, which Mortech believes is the actual starting point for any serious conversation about financial services products.

“This type of immediate access to loan product information has been the basis for Mortech’s product development efforts since the beginning,” Kracl said. “Giving our users access to consumers who enter through the LendingTree LoanExplorer makes perfect sense for all parties involved.”

About Mortech, Inc., a Zillow business.
Lincoln, Neb.-based Mortech, Inc. was founded in 1987 to provide product and pricing engine (PPE) solutions, including best execution pricing, AllRegs eligibility, detailed profits structures and best ex 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’s 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 is a registered trademark of Zillow, Inc. Mortech is a trademark of Zillow, Inc.
LendingTree is a registered trademark of LendingTree, LLC.