Tech Vendor Mortech Responds to LendingTree Suit
Technology provider Mortech responded publicly for the first time to the lawsuit LendingTree filed against it claiming it infringed on the operating business agreement between the two firms when Mortech decided to partner with search engine firm Google. "Mortech has a proven track record of treating all industry partners and customers with absolute respect and consideration," the company said. "We will deal with this issue in a responsible, forthright and timely fashion while upholding our commitment to supporting our customers’ success." According to the lawsuit, Mortech, whose technology helps automate lender offers to potential borrowers, violated its contractual covenants by partnering with Google to launch an online mortgage loan aggregate service similar to that offered by LendingTree. Mortech added: "We look forward to furthering the mortgage community through our continued innovation and dedication." Write to Austin Kilgore.