ClosingCorp Partners with Mortech to Improve SmartClosing Mortgage Calculator

LA JOLLA, Calif.–(BUSINESS WIRE)–Fence bodya leading provider of residential real estate closing cost data and technology for mortgage lenders, real estate professionals and consumers, today announced its partnership with the Nebraska-based company Mortech inc.., a mortgage technology software company specializing in solutions for mortgage banking and secondary market teams.

Mortech’s mortgage rating platform, Sniper Marketwill be integrated into ClosingCorp’s CleverClosing Mortgage Calculator to provide mortgage data, giving borrowers who use the calculator the ability to research mortgage rates from lenders nationwide. Since the calculator also includes ClosingCorp’s accurate closing cost data, borrowers can estimate total closing costs for any US residence. CleverThe Closing Mortgage Calculator can be posted on real estate listing sites, realtor and brokerage sites, consumer real estate sites, IDX sites, blogs and social media sites, allowing consumers to quickly and easily compare loan offers and determine closing costs. before making a home buying decision.

“Our promise and commitment is to provide the most comprehensive and accurate data on mortgages and closing costs, and unbeatable technology that enables industry professionals and consumers to access this data,” said Paul Mass, president of ClosingCorp. “Today’s borrowers demand tools that allow them to find the best rates. In partnership with Mortech, we have really improved our CleverClosing Mortgage Calculator, allowing consumers to quickly and easily assess rates while giving lenders and real estate agents the opportunity to attract many new borrowers and clients.

the CleverClosing Mortgage Calculator provides instant purchases of mortgage rates, APR, monthly mortgage payments, closing costs, property specific registration fees and transfer tax fees and cash flow estimates at the close. Rates are extracted from the lender’s MarksmanLMP accounts and transmitted to the Marksman Marketplace platform. The streamlined process will provide borrowers with an easy, real-time rate buying experience, as well as an accurate estimate of total closing costs, not provided by any other competing mortgage calculator.

“ClosingCorp’s CleverThe Closing Mortgage Calculator reflects the purpose of our Marksman Marketplace platform, which connects consumers in need of loans with reputable mortgage professionals,” said Don Kracl, President of Mortech Inc. “In accordance with ClosingCorp, we we are also committed to providing accurate rates to ensure borrowers receive the up-to-date quotes needed to make those important buying decisions.

About ClosingCorp

ClosingCorp is a leading provider of residential real estate closing cost data and technology for mortgage lenders, real estate professionals and consumers to save them time and money on residential real estate transactions. Through its network of nearly 10,000 real estate service providers, the company maintains the most comprehensive database of up-to-date closing costs, including registration fees and transfer taxes, for all residential properties in America. This valuable data is delivered quickly and efficiently to customers through ClosingCorp’s innovative technologies, such as CleverGFE®,
CleverGFE® Calculator, CleverClosing Mortgage Calculator, DART
and Closing.com. To find out more visit www.closure.com.

About Mortech, Inc.

Mortech provides all-in-one pricing, rate notifications, lead management tools, custom rate sheets, secondary marketing tools, loan product eligibility services, and guidelines to thousands mortgage professionals. MarksmanLMP, Mortech’s flagship web-based software, provides lenders with tools designed to automate the lending process and manage sales cycles, dramatically increasing loan closing rates. Through other integrations, MarksmanLMP offers an intelligent credit reporting engine, a comprehensive automated underwriting system, connectivity to Fannie Mae’s Desktop Underwriter or Freddie Mac’s Loan Prospector, two-way communication with loan origination systems, and a comprehensive document management system. Mortech is recognized by Mortgage technology Magazine as one of the Top 50 Service Providers in 2010 and a Mortgage technology Winner of the magazine’s 2010 Synergy Award with partner, AllRegs. For more information, visit
www.mortech-inc.com
.

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