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National Mortgage Professional
Mar 10, 2009

Mortgagebot acquires Netupdate from Most Home CorporationMortgagePress.comMortgagebot LLC, Netupdate, Most Home Corporation, Scott Happ, Ken Galpin, loan origination software On the heels of outstanding growth in 2008, Mortgagebot LLC, a provider of online, point-of-sale lending technology to the mortgage industry since 1997, has announced that it has acquired, through a wholly-owned subsidiary, the loan origination software platform operated by Netupdate Inc. of Bellevue, Wash. and its client base. Netupdate has been a developer of consumer-direct, point-of-sale mortgage-origination technology since 1999, and was a wholly-owned subsidiary of Vancouver, B.C.-based Most Home Corporation, a provider of online customer-service solutions for the mortgage and real estate industries. "Mortgagebot is the number-one provider of online lending technology to the mortgage industry," said Mr. Scott Happ, President and CEO of Mortgagebot. "Our acquisition of the Netupdate platform unites our clients with those of the number-two provider. It's a great 'win' for both Mortgagebot and our new Netupdate clients." "We're confident that Netupdate clients will benefit from our business model--which is built not only on providing innovative solutions with exceptional functionality, but also delivering outstanding customer care," stated Mr. Happ. "Because we collaborate so closely with our clients, we call them our 'Partners'; and we're delighted to welcome Netupdate's clients as new Mortgagebot Partners. Our goal is to make their transition into the world of Mortgagebot as smooth, as trouble-free, and as worry-free as possible." "Most Home is pleased to have Netupdate acquired by Mortgagebot," said Mr. Ken Galpin, CEO of Most Home Corp. "Mortgagebot truly is the market leader, with a world-class reputation for both product innovation and client satisfaction. Netupdate clients are in very good hands with Mortgagebot." With the Netupdate acquisition, Mortgagebot strengthens its client base of banks, thrifts, and credit unions to more than 900 organizations nationwide. For more information, visit www.Mortgagebot.com or www.MostHome.com.
Published
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