DH Corporation has announced it is the first technology provider to launch a completely mobile loan application solution for regulated lenders with the introduction of MortgagebotMobile, part of the Mortgagebot end-to-end lending platform from D+H. The next-generation offering meets the increasing expectation from consumers that anything traditionally done in the branch or over the phone should also be enabled on a mobile device.
According to the Consumer and Mobile Financial Services 2016 report by the Federal Reserve Bank, 87 percent of U.S. adults are using mobile technology and 43 percent are using their device for banking services. MortgagebotMobile allows financial institutions to take accurate, qualified applications through the mobile channel. Because the platform is housed in the cloud, borrowers have the flexibility to complete an application in one channel or move seamlessly between channels.
“We believe MortgagebotMobile provides a solution that regulated lenders are eager to offer consumers,” said Steve Hoke, head of Lending, Retail Product Management at D+H. “As a truly mobile offering, lenders can provide a seamless experience that is done completely online, without the need for phone calls or other human interactions. Once an application is complete, the lender’s response is delivered instantly to the user.”
In addition, the new D+H solution is highly configurable, allowing lenders to customize and implement MortgagebotMobile to their unique specifications. Customers can modify applicant questions, showcase their own brand through an intuitive and responsive user interface and choose whether to implement the platform on tablet, smartphone or both.
