Mortech, a Zillow Group business providing mortgage technology solutions for mortgage lenders and secondary market teams, announced a new integration between Mortech’s product and pricing engine (PPE) and Blend, a Silicon Valley technology company bringing mortgages into the modern age. The integration provides lenders using Blend and Mortech the ability to provide real-time mortgage offers with an online mortgage platform to confidently guide borrowers through the mortgage loan process.
Through the Blend platform, lenders can provide a more transparent online mortgage experience to improve borrower conversion and increase efficiency. With the Mortech integration, lenders using the platform will have more flexibility and control over custom pricing configurations for eligible products returned to consumers using the Blend application. Borrowers will also receive up-to-date mortgage rate offers from lenders through the integrated platform for a more streamlined mortgage application workflow.
“Borrowers shopping for mortgage financing continue to demand a combination of guided online self-service tools with personal and professional support,” said Doug Foral, general manager at Mortech. “Mortech and Blend can better deliver real-time mortgage pricing and investor data to provide direct mortgage products and pricing to borrowers and enable lenders to make borrower-specific loan product decisions.”
“We’re committed to providing the most efficient path toward homeownership, and partnering with mortgage technology leaders like Mortech allows us to deliver on and exceed consumer expectations,” said Brian Martin, Head of Business Development at Blend.
Mortech supplies thousands of mortgage professionals with a number of services and tools, such as all-in-one pricing, rate notification, prospect management tools, custom rate sheets, loan product eligibility and guideline services. Founded in 1987, Mortech is based in Lincoln, Neb. and is owned and operated by Zillow Group, Inc.
Blend makes the process of getting a loan simpler, faster, and safer. With its industry-leading digital lending platform, Blend helps financial institutions like Wells Fargo and U.S. Bank increase productivity and deliver exceptional customer experiences. The company regularly processes nearly $2 billion in loans daily,