What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

FintechMortgage

Online mortgage broker Morty launches first-time homebuyer platform, expands reach

Startup leverages tech to bring simplicity and transparency to the mortgage process

Looking for a helpful mortgage broker to assist you in the purchase or refinance of a home? Meet Morty! Sounds friendly, right? But it’s more than that. 

Launched two years ago by four 30-something mortgage and tech entrepreneurs, Morty is an online broker that aims to put control in the hands of the consumer by bringing them rates from a marketplace of lenders in a transaction that is completely digital.

The company says its goal is to “demystify and simplify” the mortgage experience for consumers by walking them through every step of the process.

Now, Morty is launching a new platform designed for first-time homebuyers that will help them complete much of the transaction online, cutting closing times down to as little two weeks, which is about one-third of the norm, the company said.

“With real-time verification of a consumer’s financial information, a mortgage contingent offer powered by Morty can rival the speed and certainty of an all-cash offer,” Morty CTO and Co-Founder Adam Rothblatt said. “Everything is completely transparent to the buyer, the seller, and their real estate agents.”

Morty is also expanding its reach.

The 2017 and 2018 Tech100 winner is growing its footprint by nearly 200%, bringing its services in 34 states plus Washington, D.C., thanks to the $11 million in venture capital is has collected since its launch.

Morty CEO and Co-Founder Brian Faux is a mortgage industry veteran who helped form and implement the Obama administration’s response to the housing crisis. He stressed the fact that Morty’s offerings bring transparency to a process that can be difficult for consumers to navigate.

“We started Morty to build transparency in a process that continues to make it difficult for first-time homebuyers to enter into the marketplace,” Faux said. “I couldn’t be more excited about the next phase of our online platform and our expansion into markets where the first-time homebuyer segment has been growing.”

 

Most Popular Articles

Do higher mortgage rates mark the end of the refi wave?

As mortgage rates rose over the last week, refi activity fell. But millions of borrowers are still eligible if lenders can get them through the pipeline.

Feb 23, 2021 By

Latest Articles

Finicity launches verification service approved by GSEs

Finicity, an open-banking solutions provider that was acquired by Mastercard in October, announced that it is dipping further into the mortgage space.

Feb 25, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please