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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

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

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

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: "Mortgagebot" – news · newspapers · books · scholar · JSTOR (July 2022) (Learn how and when to remove this message)

References

  1. ^ 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)
  2. ^ "Canadian firm buys Mequon's Mortgagebot for $231.8 million". Retrieved 2017-11-17.
  3. ^ 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.
  4. ^ "D&H Rebrands Harland". Credit Union Times. Retrieved 2022-10-22.
  5. ^ PYMNTS (2017-06-16). "Finastra Formed By Misys, D+H Merger". www.pymnts.com. Retrieved 2022-10-22.

External links

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