Milwaukee-Waukesha, WI (1888PressRelease)
March 11, 2008 - Mequon, Wis.— The hyperlocal Internet is here, and Mortgage Marvel (www.MortgageMarvel.com) is being uniquely enhanced to ensure that more online mortgage shoppers benefit from its advantages.
Writing in Wired magazine, futurist and author Bruce Sterling says, “the difference between the old-fashioned Web and the hyperlocal Web—that’s hyper as in hyperlinked and local as in location—is that the databases of the new Web are stuffed with geographic coordinates. Real positions. Real distances.”1 And that’s exactly what takes Mortgage Marvel to the next level of convenience and speed for people shopping online for low mortgage rates.
Mortgage Marvel is the award-winning, easy-to-use, ad-free mortgage-shopping Web site operated by Mortgagebot (www.Mortgagebot.com), the leading provider of online mortgage-application technology for nearly 800 banks, thrifts, and credit unions nationwide. And with its unique new hyperlocalization capabilities, Mortgage Marvel doesn’t just provide instant, accurate rate and fee comparisons—it makes online mortgage shopping even more convenient by displaying the exact office and branch locations of Mortgage Marvel lenders, including hot-links to each lender’s Web site.
The Mortgage Marvel revolution continues
Introduced in October 2007, Mortgage Marvel is unique among online mortgage-shopping services for several key reasons:
First—unlike many mortgage Web sites—borrowers are never forced to page through multiple screens, so using Mortgage Marvel is fast, easy, and intuitive: one screen; three data fields. In fact, Mortgage Marvel is so easy to use it’s being called the “Orbitz®” of mortgage-shopping Web sites.
Second—and also unlike many popular mortgage Web sites—Mortgage Marvel never requires consumers to reveal personal information. Using only three bits of anonymous, property-related data, Mortgage Marvel can instantly provide borrowers with reliable mortgage quotes from a broad spectrum of trusted, local lenders.
Third—and again, unlike other familiar mortgage Web sites—consumers always get accurate rates and fees with Mortgage Marvel. That’s because its rate and fee comparisons are created from the actual loan-product databases of the hundreds of mortgage lenders that use the Mortgagebot PowerSite® system for taking online mortgage applications. And it’s all done in ‘real time,’ so when a borrower contacts a Mortgage Marvel lender to apply for a mortgage, what they’ve seen online is exactly what they get.
The end result is that in less than 30 minutes a borrower can get accurate rates and fees, compare a wide selection of loan products, choose a lender, complete a loan application, and get immediate online approval.
Mortgages in the back yard
Now, with the addition of hyperlocalization, Mortgage Marvel gives online mortgage shoppers even greater flexibility. Do you want to apply online, via the lender’s Web site? No problem. The Web sites of Mortgage Marvel lenders are hot-linked directly to the Mortgage Marvel Web site, enabling you to apply online “24/7/365.”
Would you rather stop by your preferred lender’s nearest office and work with a professional loan officer? Also no problem. The newly enhanced Mortgage Marvel enables you to filter your rate-search results to display only those Mortgage Marvel lenders that have branches within 5, 15, 25, or 50 miles of a specified ZIP code. You can also display the locations (address listing and map view) of the 10 closest branches for each lender shown on the comparison table—and the estimated distance to each branch from the specified ZIP code.
“Mortgage Marvel is all about simplifying the mortgage-shopping process and making it as convenient as possible for borrowers,” said Dan Welbaum, Mortgagebot’s Chief Marketing Officer. “The addition of our lender localization capability—which is not offered by other mortgage Web sites—makes Mortgage Marvel an even better and more personalized solution.”
About Mortgagebot
Mortgage Marvel is a product of Mortgagebot LLC (www.Mortgagebot.com), the Inc. 500 company that leads the mortgage industry in providing direct-to-consumer, Internet-based mortgage-origination solutions. Mortgagebot combines extensive mortgage experience with leading-edge “software-as-a-service” (SaaS) technology to create robust, scaleable, and affordable lending Web sites for nearly 800 lenders nationwide.
The award-winning Mortgagebot PowerSite product family is a fully configurable and completely private-labeled solution set that enables lenders to take mortgage applications throughout the enterprise: via the Internet, in the branch, through the call center, or from a loan officer’s laptop. PowerSite’s intelligent and interactive functionality enables borrowers to complete an entire mortgage application, get pre-approved, and receive a full set of disclosures as little as 20 minutes. And because PowerSite products are deployed via the Internet, there is no PC software for lenders to install and maintain.
To view a brief Mortgage Marvel video presentation, visit www.mortgagebot.com/marvelvideo2.
1“Dispatches from the Hyperlocal Future,” by Bruce Sterling, Wired magazine, July 2007; p. 162.
Mortgagebot, Mortgagebot PowerSite, and Mortgage Marvel are registered trademarks of Mortgagebot LLC.
All other trademarks are the property of their respective owners.
