Mortgagebot launches new Mortgage Marvel app for iPhoneMortgagePress.comMortgagebot, iPhone, Mortgage Marvel, application program, Rick Allen, iPhone App Store, Dan Welbaum
Mortgagebot, an online, point-of-sale mortgage technology
solutions for lenders nationwide, has introduced a free iPhone app
(application program) for its revolutionary mortgage-shopping Web
site, Mortgage Marvel. The new app has already generated impressive
activity in its first six weeks on the market, including 30,000
rate-and-fee searches in January 2009.
Since 2007, the award-winning Mortgage Marvel Web site (www.MortgageMarvel.com)
has provided consumers with the most innovative, accurate, and
hassle-free online mortgage-shopping experience available; and the
new app now gives iPhone and iPod touch users unprecedented mobile
access to real-time mortgage quotes from a nationwide network of
trusted, reliable, and competitive banks and credit unions.
The launch of the new mortgage-shopping app is very timely,
especially since the mobile Internet is emerging as a powerful
consumer business channel. According to the January issue of the
Online Banking Report, "Mobile banking is expected to more than
double in 2009, to one out of every six online banking
households."
"We're thrilled to be able to offer an accurate, real-time
mortgage-shopping tool to iPhone users," said Rick Allen, director
of strategic initiatives for Mortgagebot. "In seconds, iPhone users
can download the free Mortgage Marvel app on the iPhone App Store
and gain instant access to accurate, anonymous, real-time mortgage
rate and fee quotes from lenders across America."
The new application, released in December 2008, enables iPhone
and iPod touch users to instantly view and compare accurate
mortgage rates and fees from a nationwide group of trusted and
respected banks and credit unions. In just seconds, users can enter
a few property-related data points to obtain a wide selection of
detailed mortgage quotes. And Mortgage Marvel is completely
anonymousshoppers are not required to give up any personal
information.
Mortgage Marvel is unique in the way it extracts its data
directly from the live product databases of lenders nationwide,
displaying only accurate mortgage quotes in real time. Borrowers
can click through to a lender's Web site and apply for a mortgage
with confidence, knowing that the rates they see on Mortgage Marvel
are truly available to qualified borrowersthey're not just 'teaser'
rates.
When shoppers "click through" to apply on a Mortgage Marvel
lender's Web site, they will be visiting a customer of Mortgagebot,
the technology leader whose award-winning PowerSite platform
automates the mortgage Web sites of more than 800 banks and credit
unionsthe same technology thats behind Mortgage Marvel. This means
that consumers can complete the worlds fastest, most intelligent,
and most interactive online mortgage application and get approved
with full disclosures in 20 minutes or less. So both borrower and
lender benefit from the worlds most streamlined
mortgage-application and approval process.
"Lenders are using Mortgage Marvel to grow their businesses and
expand their market share," said Dan Welbaum, Mortgagebot's chief
marketing officer. "In fact, with today's low interest rates,
Mortgage Marvel is experiencing an unprecedented spike in
activitythere was a 321 percent increase in rate searches in
January '09 compared to last fall. With the new Mortgage Marvel
iPhone app, banks and credit unions can tap into today's increased
application volume and more easily reach the hundreds of thousands
of potential borrowers who use either an iPhone or an iPod
touch."
"Just think about it, said Welbaum. "Only a few years ago, you
had to call or visit a bank during business hours to shop for a
mortgage. Now you can shop and even apply24/7/365using nothing more
than a telephone or portable media player."
For more information, visit www.Mortgagebot.com.
