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.
