MortgageHippo’s consumer-centric digital lending platform processes thousands of loan applications totaling billions of dollars every month. The platform is used by hundreds of lenders ranging from IMBs to Banks and Credit Unions. The company’s platform is a modern, Point-of-Sale solution available in the market that enables lenders to quickly and cost-effectively customize workflows, business rules, UI, data flows between systems and many other aspects of the platform through its easy-to-use, no-code/low-code editors. In August, 2021 the company announced its next generation Digital Lending Platform (“DLP”), a fully re-architected ecosystem to empower mortgage originators to stay ahead of the sector transformation over the past few years.
- DLP accelerates time-to-delivery through either pre-defined templates or customized journeys, allowing lenders to originate digital mortgages profitably right out of the box.
- Clients have reported pull through rates of 85%, seen a 50% reduction in application submission time, reported that time to complete an application has gone down to as little as 10 minutes and reduced time from application to closing as much as 40%