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Mortgagebot builds online sales even as housing declines

Mequon, Wis. - Despite a slump in housing markets nationwide, the leading application service provider for the online mortgage-lending industry continues to build additions.

In fact, the Mequon-based Mortgagebot - which specializes in online transactions for first mortgages, mortgage refinances, home equity lines of credit, and other mortga......

Full article >>> stry tracker, MTD Marketing Services. Permits in the first 10 months hit a seven-year low with 1,688 permits recorded, a 25 percent drop from the 2,228 reported a year earlier.

So far, these forces have not hurt Mortgagebot, which was named the 225th fastest growing private company in the country by Inc. Magazine in August and a "Future 50" company by the......

Full article >>> an Chris Olson said the proliferation of online business functions early in the decade attracted the attention of state credit unions, and it didn't take much prodding from the league for them to recognize this was the future.

About half of Mortgagebot's clients are credit unions, and the company serves more than 35 credit unions with assets below $200 million. However, only 57.6 percent ......

Full article >>> tainly a feature that more and more institutions do offer, Oswald Poels said, because the existing customer base is very interested in being able to conduct transactions with the bank however they choose.

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'"/> By Chris Fleissner 11/10/06

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