Articles About Finance And Refinancing

Mortgage Marvel, a New Mortgage-Shopping Web Site, Takes the Pain out of Online Mortgage Shopping

MEQUON, Wis. (Business Wire EON) November 5, 2007 -- If you've shopped for a mortgage lately, you know the challenges: Going online is quick; but after that, it can really bog down. Web sites can be confusing. You may be forced to reveal personal information. You have to page through screen after screen just to get a simple rate and fee quote. And then when you finally get a list of mortgage products, the rates and fees can be outdated or inaccurate--which could be perceived as "bait and switch."

And then--how do you decide which lender to turn to? High-profile lenders (like Countrywide and Ditech) blanket our TV screens with ads. Online loan portals (such as BankRate.com or Interest.com) turn up in every Internet search. And loan aggregators (like LowerMyBills.com or Lending Tree) constantly clamor for our attention.

Who needs all that hassle and confusion?

Enter Mortgage Marvel

Mortgage Marvel is the new, easy-to-use, ad-free mortgage-shopping Web site operated by Mortgagebot, the leading provider of online mortgage-application technology for more than 700 banks, thrifts, and credit unions across America. Due to its unique business model, Mortgagebot is ideally positioned to create the industry's fastest, simplest, and most accurate mortgage-shopping Web site.

"In the last 10 years, we've created over 3600 mortgage Web sites for more than 700 banks, thrifts, and credit unions," said Scott Happ, the President/CEO of Mortgagebot. "All those sites are based on our PowerSite technology, which provides the easiest consumer-direct mortgage-application process available. So perhaps better than anyone else, we understand what borrowers face when researching and applying for a mortgage online."

"The problem," Happ said, "is that consumers can't get easy, convenient, and anonymous access to instant, accurate, and fully disclosed mortgage rate and fee comparisons from a single Web site--unless they're willing to spend significant time online, wade through confusing Web pages, and reveal lots of sensitive personal data."

No frustration, just fast and accurate mortgage quotes

"Mortgage Marvel features no ads," said Happ. "Borrowers never have to page through multiple screens, and they don't have to enter personal information. With only three bits of property-related data and only a single mouse-click, Mortgage Marvel provides borrowers with fast, accurate, real-time mortgage quotes from trusted, local lenders."

"Consumers always get accurate rates with Mortgage Marvel," Happ stated. "That's because Mortgage Marvel creates its rate and fee comparisons from the actual loan-product databases of the hundreds of trusted, local mortgage lenders that use our PowerSite system. And it's all done in 'real time,' so when you contact a lender to arrange for home financing, what you've seen online is exactly what you get."

"The result," Happ explained, "is that in less than 30 minutes a borrower can get accurate rates and fees, compare a selection of loan products, select a lender, complete a loan application, and get immediate online approval."

How Mortgage Marvel works

Simple. Accurate. Incognito. That's Mortgage Marvel in a nutshell.

Using Mortgage Marvel is a breeze. With three simple steps--and just one mouse-click--you can get true and accurate rate, fee, and disclosure comparisons from reliable, competitive lenders in your area.

First, log on to www.MortgageMarvel.com. With no ads or distractions, you can get right down to business.

Second, enter three pieces of property-related data: loan amount, property value, and property ZIP code; and click the "Compare Rates Now" button. That's all you need to generate a comparison table of quotes for a 30-year, fixed-rate loan. If you need a different loan, you can select the "Advanced Quote" option to enter just a few more bits of loan-related information. Either way, it takes only seconds--and it's completely anonymous.

Third, compare your quotes. Mortgage Marvel works similar to the Orbitz or Travelocity airline-reservation Web sites. In just seconds, Mortgage Marvel displays an easy-to-read and easy-to-sort table, which displays the loan products from the Mortgage Marvel lenders in your area that match your specified criteria. Mortgage Marvel makes it easy to compare interest rates, fees, APRs, closing costs, and lenders.

That's all there is to it.

When you're ready to apply, just click the "Apply" button next to the loan of your choice. You'll link directly to the lender's Web site, where you can complete an entire loan application in 20 minutes or less. Within 30 minutes of accessing Mortgage Marvel, you can be pre-approved with a good-faith estimate.

Knowledge is power--and Mortgage Marvel empowers borrowers

Mortgagebot understands that most home-buyers don't go through the process often enough to get familiar with the ins and outs of mortgage lending. And everyone knows that an informed consumer can make a wiser decision.

So Mortgage Marvel features a comprehensive Learning Center, which gives consumers practical borrower's tools, such as: mortgage-related calculators; expert commentary on mortgage-related issues, trends, and legislation; advice about discount points, credit scores, qualifying for a loan, mortgage insurance, and closing costs; and more. There's even a helpful FAQ section.

It's already winning awards

Mortgage Marvel was recently introduced to the financial-services community, and already it's generating a buzz. Mortgage-industry commentators are impressed; and Mortgage Marvel was even named "Best in Show" at the Finovate 2007 Conference in early October (www.Finovate.com). MortgageMarvel.com also meets the Better Business Bureau's BBBOnLine Reliability Program participation and membership standards.

"Mortgagebot got it right," said James D. Jones, president of First Wellesley Consulting Group (Wellesley Hills, Mass.). "Consumers want reliable information, accurate mortgage rate comparisons, lender choice, and personal control when shopping for mortgages online; and Mortgage Marvel gives (them) what they want."

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 loan-origination solutions. Mortgagebot combines extensive mortgage experience with leading-edge "software-as-a-service" (SaaS) technology to create robust, scaleable, and affordable mortgage Web sites for more than 700 lenders nationwide. The award-winning PowerSite product family is a fully configurable and completely private-labeled solution set that enables lenders to take mortgage applications over the Internet, through the branch, or from a loan officer's laptop.

To view a brief video presentation about Mortgage Marvel, visit www.mortgagebot.com/marvelvideo2.

(1) "Online Mortgage Shoppers' Paths to Purchase", by Brad Strothkamp. Published by Forrester Research, Inc. (Cambridge, Mass.); June 7, 2006. (C) 2006 by Forrester Research, Inc.

Mortgagebot, Mortgage Marvel, and PowerSite are registered trademarks of Mortgagebot LLC. Other products and/or services are the property of their respective owners.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Real Estate Down Payment Grants Bite the Dust
The new federal housing bill sounds the death knell for "down payment grants" Such "grants" are down payment assistance schemes that have been exploiting a loophole in federal lending laws

Debt Consolidation Loan May Be Your Salvation To A Better Life
In today?s world, many people in the United States are struggling with debt However, there are serious alternatives to your debt problem

Improved Credit Score Spells Mantra for UK Bad Credit Mortgage Approval
Bad Credit condition of an individual is considered as the worst imagination as creates long lasting impression on future finance planning?fs. All future dreams related to mortgage loans will remain on a shaky track. Don?ft worry we are here to help you out of this condition. Just follow the mantras revealed in below mentioned lines get taste the dreamed mortgage even if you suffered the effects of UK Bad Credit Mortgage:

Home Refinance with Bad Credit
With the subprime mortgage crisis many people are looking at how they can improve their financial situation where their mortgage is concerned. With many people looking critically at their current mortgage loan there are a lot of people considering home refinance for the first time. This is something that a lot of people consider to help them save money on their mortgage in the short term as well as in the long term. The process of refinancing has been around forever, but a lot of people are excited about it right now because it has the ability to help them get out of an unstable financial situation. While many are able to take advantage of this process, your credit may hold you back from doing so.

Get A Bad Credit Loan with Badcreditloansonline.co.uk's New Website
Badcreditloansonline.co.uk specialise in finding bad credit loans (£7,500 - £100,000) for the UK home buyer.

NJ Mortgage and Refinance Company Achieves Double Digit Growth in Challenging 2007 Market
NJ mortgage and refinance company helps first-time home buyers and experienced home owners improve their financial situation with competitive rates, fast approvals and closings, adjustable rate loans, reverse mortgages, and many other flexible loan products to meet buyers' individual needs.

Refinancing Can Get You In Deep Trouble
Refinancing your home loan may sound tempting and a good option to ease your current financial situation. However, even if you get a momentary relief and you can dispose of the surplus on you income for other expenses, you may find yourself in a debt trap in the near future. One from which it may be too complicated to escape.

Defining the Limits of Your Mortgage Capability
Getting your very own home is one of the most exciting activities that you may want to indulge in However, people should seriously analyze and define the limits of their mortgage capability before they actually decide to buy a house of their own

A Better Option Than Credit Card Cash Advances
Upon hearing the word cash advance you might initially think of the cash provided against a programmed line of credit like the credit card. But cash advances also refer for payday loans or the instant solutions to your unexpected financial difficulties. From time to time there arises a need for additional cash which most of the time occurs when you least expect it. Repairs to your automobile or to your home, some other emergencies like medical concerns or simply running out of cash at hand on days or just a week or more earlier than your next paycheck are basically the very reason why people settle for a payday loan. It is in such instances that payday advance was created and the most approved of which is the cash advance.

Adverse Credit Mortgage For Discharged Bankrupt
People who are discharged bankrupts are usually required to apply for an adverse credit mortgage when searching for a home loan to fund the purchase of their property It is highly unlikely that an applicant with such a poor credit record will ever be able to apply for a standard product again

Should You Discard Your Credit Card Wallet?
With technology come a whole slew of innovations that allow you to pay for products and services on a "cashless" basis Your credit cards are proof of this, which is why you have a specially-designed credit card wallet

Is Getting A Personal Loan With Bad Credit Impossible? Think Again
A bad credit history is like having contracted an infectious disease. At least this is what most lenders perceive.

What Every Mortgage Broker Should Know about the List they are Buying
When you purchase a mortgage list, you not only need to know it was obtained legally, you also want to know if the company that generated it includes a guarantee that those on that list are actually looking to get a mortgage.

San Jose Pool Construction Company Teams With Senior Mortgage Banker
Swan Pools of San Jose, part of a leading swimming pool company based throughout California, is partnering with Central Financial to provide loans for swimming pools.