Mortgage Coach Named a HousingWire 2021 HW Tech100 Mortgage Winner

Christine Press Release

Corona, CA, March 4, 2021—Mortgage Coach, the industry’s only platform that provides mortgage lenders with digital, accurate and actionable financial advice for consumers, was named one of HousingWire’s 2021 HW Tech100 Mortgage winners. This honorable Tech100 list was developed to recognize the most innovative and impactful technology companies in the mortgage lending and real estate industries. 

Now in its ninth year, the Tech100 program provides industry professionals with a comprehensive list of the most innovative and impactful companies that can be leveraged to identify partners and solutions to the problems that mortgage lenders and real estate professionals face every day. Mortgage Coach was recognized for its innovative, mobile-first technology platform, that enables mortgage lenders of any size to boost pipeline conversion and increase their bottom line by delivering interactive loan comparisons and personalized strategic loan advice.

“After the uncertainty and unpredictability of last year, we expected a greater adoption of technology by leading lenders. Mortgage Coach demonstrated uniquely inspirational accelerated adoption, helping thousands of originators navigate the challenges of the pandemic overnight. Millions of automated loan comparison presentations empowered lenders to facilitate interactive borrower education from anywhere, ensuring uninterrupted originations for countless lenders. This is the type of industry value represented by the recipients of our Tech100 award,” said Clayton Collins, CEO of HousingWire.

 “Mortgage Coach delivers clear and accurate education to when it matters most. Under extraordinary circumstances in 2020, our team delivered new, innovative solutions to revolutionize the rate quoting and pricing process, helping our lenders close every fundable loan opportunity,” said Joe Puthur, President at Mortgage Coach.  “We are honored to be selected as a recipient of HousingWire’s Tech100 award and extend our thanks to all Mortgage Coach lenders who committed to serve and exceed borrower expectations this year, making this achievement possible,” added Dave Savage, CEO of Mortgage Coach.


About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

About HW Media

HW Media aspires for audiences to “Come for the content and stay for the community.” By aligning vertical expertise and innovative B2B marketing solutions, HW Media answers the ever-evolving needs of modern professionals, brands and marketers. With a premium suite of advertising solutions, HW Media builds upon this principle, improving reader experience and delivering brand results. Based in Dallas with team members across the country, HW Media was founded in 2016 through the acquisition of HousingWire and is owned by Riomar Capital, an entrepreneurial investment firm.

About Mortgage Coach

Mortgage Coach delivers the industry’s only real-time Total Cost Analysis, a digital illustration and comparison of the short- and long-term impact of loan programs on a borrower’s unique financial scenario. This level of transparency has revolutionized the rate quoting and pricing process to deliver accurate and actionable financial advice, allowing borrowers to make faster, more informed mortgage decisions and ultimately, increase production and pipeline conversion for lenders of any size. For more information on how to start using borrower education as a competitive advantage, please visit www.mortgagecoach.com.

LodeStar Software Solutions Integrates with Mortgage Coach’s Platform to Streamline Mortgage Production and Closing Process

Christine Press Release

LodeStar Software Solutions, a trusted provider of compliant loan estimate fee insight, announced an integration with Mortgage Coach, the creator of the Total Cost Analysis Borrower Conversion Platform. This integration allows lenders of any size to include accurate closing provider fees when creating a Total Cost Analysis (TCA) for borrowers. 

Now, loan originators can easily access the LodeStar Loan Estimator, a TRID (TILA-RESPA Integrated Disclosure Rule) compliant API, to import closing costs into Mortgage Coach's TCA presentations.  Delivering real-time and accurate comparisons enables the loan originator to show the total cost for each loan option at closing and over time.

“A service that delivers closing cost fees driven by accuracy is crucial to our business,” said Paige Hagerhost, SVP, Technology & Business Analyst at McLean Mortgage Corporation. “When our originators deliver options, we need to include the specific savings we provide our clients, given our relationships with thousands of local service providers. This unique integration helps ensure we can provide the best benefits and transparency for a fast decision.”

“Historically, automated, accurate data has been cost-prohibitive for many lenders,” said Jim Paolino, CEO of LodeStar. “LodeStar's innovative and cost-effective solutions enable more lenders to access untapped efficiency without compromising accuracy, creating a competitive edge for both LodeStar and our clients.” 

Joe Puthur, President of Mortgage Coach, adds, “Mortgage Coach TCAs with LodeStar data helps lenders of any size streamline a crucial step in the origination process by delivering accurate, transparent, cost estimates to borrowers long before closing.”

The LodeStar and Mortgage Coach integration is now available to any lender with access to Mortgage Coach Enterprise Edition and LodeStar Loan Estimator. Visit https://mortgagecoach.com/lodestar to learn more about this integration. 


ABOUT LODESTAR SOFTWARE SOLUTIONS

Philadelphia-based LodeStar Software Solutions develops tools that ease lender margin compression. Its solutions attack necessary costs and expenses, streamlining and corralling them to minimize time and expense. LodeStar's Loan Estimate Calculator provides guaranteed closing cost estimates for all 50 states, including title insurance premiums, transfer taxes, municipal recording charges, and settlement services fees. Lenders can manage all their providers' fees from a single platform across their entire network. The company was named number 11 on the 2020 Philadelphia 100, produced by the Entrepreneurs Forum of Greater Philadelphia, which honors the top 100 fastest growing privately held businesses in the greater Philadelphia region.

ABOUT MORTGAGE COACH

Mortgage Coach is the innovative technology behind the Total Cost Analysis Borrower Conversion Platform where Independent Mortgage Banks, Mortgage Brokers, Credit Unions, and Depositories can clearly illustrate mortgage options with detailed financials, charts, video narration, and live updates on any device.  The Total Cost Analysis (TCA) can digitally present the long and short-term impacts a loan can have on the borrower's financial situation, turning borrower education into a competitive advantage.  Learn more about enhancing your borrower experience and enabling a confident mortgage decision to convert more loans. Visit www.mortgagecoach.com.

Arch MI Now Integrated with Mortgage Coach

Christine Press Release

Integration Allows Easy Comparison of Multiple Mortgage Options with MI to Better Advise Borrowers

November 30, 2020 12:30 PM Eastern Standard Time

GREENSBORO, N.C.–(BUSINESS WIRE)–Mortgage Coach, developer of the Total Cost Analysis (TCA) presentation designed to improve mortgage borrower conversions, has completed an integration with Arch Mortgage Insurance Company (Arch MI), a leading provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd.

Mortgage lenders use the Mortgage Coach platform to compare and share loan options with borrowers through an interactive TCA presentation. The addition of Arch MI RateStar® on-demand pricing enables loan officers (LOs) to quickly and accurately educate borrowers on the impacts that MI has on closing costs, monthly principal and interest payments and total payments over the life of the loan.

LOs can easily request current Arch MI quotes through Mortgage Coach for loan scenarios and side-by-side cost comparisons of options like monthly and single-premium MI.

“Mortgage insurance makes homeownership possible for many people,” said Bruce Dickinson, Senior Vice President of Mortgage Lending at First Tech Federal Credit Union. “Our annual need for loans requiring mortgage insurance is expanding as home affordability continues to be a challenge for our members. This innovation will help more of our members better understand how mortgage insurance can be part of their home loan strategy, which is valuable in every market we serve.”

“The addition of instant Arch MI quotes clearly enhances originators’ presentations using Mortgage Coach technology that today’s homebuyers are comfortable with,” said Will Vickers, Arch MI’s Vice President of Industry Technology. “Borrowers will be able to make more informed choices when they use a TCA and review scenarios for loans with mortgage insurance competitively priced by RateStar℠, the industry’s first risk-based MI premium pricing tool.”

The Mortgage Coach Arch MI integration is now available to any lender with access to Mortgage Coach Enterprise Edition and an active Arch MI master policy.


About Arch MI 
Arch Capital Group Ltd.’s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Headquartered in Greensboro, North Carolina, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. Arch MI’s flagship mortgage insurer, Arch Mortgage Insurance Company, is licensed to write mortgage insurance in all 50 states, the District of Columbia and Puerto Rico. For more information, visit archmi.com.

About Mortgage Coach 
The Mortgage Coach suite of enterprise online and mobile applications enhances the conversation between the borrower, mortgage professional and Realtor®, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting mortgagecoach.com/archmi.

Source: Arch Capital Group Ltd. 
arch-mortgage

ARCH MORTGAGE INSURANCE COMPANY | 230 NORTH ELM STREET GREENSBORO NC 27401 | ARCHMI.COM 
MCUS-B1410-1020

© 2020 Arch Mortgage Insurance Company. All Rights Reserved. Arch MI is a marketing term for Arch Mortgage Insurance Company and United Guaranty Residential Insurance Company. Arch MI RateStar is a registered mark and RateStar is a service mark of Arch Capital Group (U.S.) Inc. or its affiliates. Realtor is a registered mark of the National Association of REALTORS.


Contacts

Arch Capital Services 
Greg Hare, 336-333-0416 
ghare@archcapservices.com

Mortgage Coach 
Kelli Hodges, 214-453-6694 
kelli@mortgagecoach.com

MGIC Integrates with Mortgage Coach on online borrower conversion platform

Christine Press Release

MILWAUKEE, Nov. 18, 2020 /PRNewswire/ — Mortgage Guaranty Insurance Corporation (MGIC) (NYSE: MTG) and Mortgage Coach, an industry-leading loan officer presentation solution, jointly announced today the availability of MGIC's mortgage insurance quotes through the Mortgage Coach home loan strategy and virtual presentation platform.

Through this technology integration in Mortgage Coach, loan originators can now include live MGIC rate quotes in their loan scenarios without leaving the platform. This automation brings real time mortgage insurance quotes to the Mortgage Coach platform, improving the borrower's experience by optimizing pricing speed and accuracy.

“We are pleased to partner with Mortgage Coach to provide access to MGIC mortgage insurance rates,” said Margaret Crowley, MGIC VP Marketing and Customer Experience. “The best customer service is fast and reliable; this integration will ensure quick and accurate mortgage insurance quotes for loan officers and their borrowers.”

“More than twenty percent of our loans have mortgage insurance, translating to thousands of units per year,” said Paul Anastos, Chief Innovation Officer at Guaranteed Rate, Inc. “Clearly communicating MI benefits early in the borrower conversation is a significant competitive advantage for our team. Having our specific MI quote available instantly within Mortgage Coach saves time on every presentation, a crucial value for every professional today.” 

The Mortgage Coach MGIC integration is now available to any lender with access to Mortgage Coach Enterprise Edition and an active MGIC Policy account.  


About MGIC 

Mortgage Guaranty Insurance Corporation “MGIC” (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. From time to time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC's website for information related to underwriting and pricing and intends to continue to do so in the future. Such postings include corrections of previous disclosures and may be made without any other disclosure. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts. For information about our underwriting and rates, see https://www.mgic.com/underwriting.

About Mortgage Coach

The Mortgage Coach suite of enterprise online and mobile applications enhance the conversation between the borrower, mortgage professional, and Realtor, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting https://mortgagecoach.com/mgic

SOURCE Mortgage Guaranty Insurance Corporation

https://www.prnewswire.com/news-releases/mgic-integrates-with-mortgage-coach-on-online-borrower-conversion-platform-301176573.html

SimpleNexus and Mortgage Coach expand integration with real-time data syncing for instant analysis of lifetime loan costs

Christine Press Release

Combined solution is helping lenders like Union Home Mortgage increase pipeline conversion and deliver a superior borrower experience

LEHI, Utah, June 16, 2020 (SEND2PRESS NEWSWIRE) — SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, has expanded its integration with Mortgage Coach (https://mortgagecoach.com), making it easier than ever for loan originators to give borrowers the clear, accurate comparison of loan products and scenarios needed to make informed mortgage decisions.

With the integration of SimpleNexus and the Mortgage Coach Total Cost Analysis (TCA), every borrower who applies for a mortgage loan using the SimpleNexus digital mortgage app immediately receives a TCA. A recent update to the integration enhances the borrower experience by updating key loan information in real time and enabling loan professionals to incorporate video narration into TCAs from within the SimpleNexus app. As applicants progress through the origination process, the accurate analysis adjusts instantly, allowing loan professionals to provide clear advice faster and measurably convert more leads into loans.

Loan originators at Strongsville, Ohio-based Union Home Mortgage have seen faster commitments and more complete loan applications with the combined solution, having delivered 20,000 personalized Mortgage Coach TCA presentations in the last 90 days alone with the new automation.

“Originators need to give people options, but creating manual comparisons for every loan applicant is impractical,” said Union Home CIO Mark Langhans. “We love the way Mortgage Coach frames up cost analysis in an easy-to-consume format that originators can walk borrowers through in minutes — and the integration with SimpleNexus makes it even easier for us to leverage this powerful strategy. Even more telling than the number of presentations delivered is the number of borrower views and shares those TCAs have received.”

“What’s special about this integration is that it starts a conversation that frequently brings a close to the borrower’s rate shopping,” said SimpleNexus CEO Matt Hansen. “It’s all about building trust, re-engaging and ultimately converting customers who have started a loan application but might not otherwise finish it.”

“Lenders serve borrowers best — and simultaneously enjoy the highest profitability — when they put a wide array of loan products, services and scenarios in front of every applicable customer,” explained Mortgage Coach President Joe Puthur. “The Mortgage Coach Total Cost Analysis helps lenders make financing available to more borrowers while addressing key compliance concerns, reducing pricing exceptions and closing more deals — all with the personalized touch that is critical to brand consistency.”

The new innovation, announced today, makes easy-to-understand loan comparisons available for every borrower. Together, Mortgage Coach and SimpleNexus help loan originators position themselves as trusted financial advisors in any client situation. For example, the dynamic TCA helps borrowers understand the impacts of renting versus owning, buying now versus waiting or adjusting the size of their down payment. The now fully integrated experience supports any mortgage scenario, resulting in faster borrower conversion, increased production and enhanced profitability.


About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company’s best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing and send pre-approvals — all on the go.

About Mortgage Coach:

The Mortgage Coach suite of enterprise online and mobile applications enhance the conversation between the borrower, mortgage professional, and Realtor, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting https://mortgagecoach.com or contacting sales@mortgagecoach.com.

Twitter: @SimpleNexus @MortgageCoach #digitalmortgage

News Source: SimpleNexus

Homebot Now Integrated with Mortgage Coach Total Cost Analysis for Lenders of All Sizes

Christine Press Release

Lenders using both Homebot and Mortgage Coach can now integrate these solutions to streamline their refinance strategy.

DENVER, June 9, 2020 /PRNewswire/ — Homebot, provider of the award-winning client-for-life portal that empowers consumers to build wealth through homeownership, has now completed an integration with Mortgage Coach, an enterprise platform designed to improve mortgage borrower understanding of available loan options, helping more borrowers build wealth through homeownership.

The Homebot refinance experience helps homeowners explore various refinance mortgage options. With the integration of the Mortgage Coach Total Cost Analysis (TCA), loan officers are able to add detailed explanations of each loan option, tailoring the refinance scenarios and uncovering potential purchase opportunities for each homeowner. Together, these solutions offer homeowners a robust refinance experience and facilitate meaningful engagement with their loan officer.  

“We have already provided approximately 200 unique Total Cost Analysis experiences through the integration,” said Gemma Currier, SVP, Retail Sales Operations at Guild Mortgage. “Since our past customers are initiating the experience through Homebot, we've been able to provide valuable advice quickly and collaborate with customers instantly to select the best home loan option for their needs. The TCA and video communication functions have enabled us to provide that personalized experience we strive for with every connection, especially when meeting in person can be challenging in today's market.” 

When lenders activate this new integration, their clients can proactively request a TCA from within Homebot. The loan officer is notified immediately and the TCA is generated instantly, saving them valuable time. With this integration, lenders are able to quickly identify and convert clients that are ready for a transaction. 

“Our team knows that prospects who receive a Mortgage Coach Total Cost Analysis commit faster,” said Chad Baker, Regional Manager at CrossCountry Mortgage. “Homebot being able to present a complete and dynamic TCA presentation instantly on my behalf, using intelligence the platform already knows about each past client, provides yet another advantage to my client nurture program.” 

“We're thrilled about the value this integration is bringing to our lender customers and to their clients,” said Ernie Graham, CEO of Homebot. “Together, Homebot and Mortgage Coach are helping lenders streamline their refi strategy while providing their clients with the knowledge and resources they need to build wealth through homeownership.” 

The Homebot-Mortgage Coach integration is supported on Mortgage Coach Broker and Enterprise Editions and is available now. 


About Mortgage Coach
The Mortgage Coach suite of enterprise online and mobile applications enhance the conversation between the borrower, mortgage professional, and Realtor, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting https://mortgagecoach.com or contacting sales@mortgagecoach.com.

About Homebot 
Founded in 2015, Homebot empowers millions of consumers to build wealth through homeownership with an award-winning financial dashboard provided by their loan officer or real estate agent. This personalized dashboard gives homeowners and buyers multiple financial scenarios to build wealth. Lenders and real estate agents leverage Homebot to maximize their repeat and referral business while building client-for-life relationships. With an average 50% monthly engagement rate, Homebot ensures lenders and agents remain the trusted advisor consumers rely on to make informed decisions about the largest asset they may ever own; their home. Homebot is based in Denver, Colorado.

HOMEBOT MEDIA CONTACT: 
Michael Lynch 
303-960-8770 
michael@homebot.ai

SOURCE Homebot, Inc.

Related Links

https://homebot.ai/

Mortgage Coach launches the Advice Engine making it faster and easier to create a Total Cost Analysis.

Christine Press Release

Mortgage Coach introduces the next generation platform to create borrower loan advice faster and smarter. It delivers visual loan comparisons in seconds, includes pre-configured strategy templates and supports 20 available integration partners.

Mortgage Coach, digital innovator in mortgage lending, announced today the successful launch of their next-generation borrower conversion platform – the Mortgage Coach Advice Engine. The new experience significantly improves lender productivity by presenting loan options and advice with a proven Total Cost Analysis (TCA) presentation 50% faster.

“Our goal with the new Advice Engine is to create more closed loans for every Mortgage Coach member. Accurate, detailed, and visual loan comparisons can now be delivered in seconds with new pre-configured strategy templates and over 20 available integration partners. The Advice Engine applies instant best practices to any origination workflow, allowing sales conversations to focus on the financial insights needed to earn commitments from every opportunity faster,” stated Joe Puthur, President of Mortgage Coach.

The Mortgage Coach Advice Engine incorporates suggestions from thousands of members including the addition of hundreds of in-product learning lessons, dedicated loan officer assistant logins, one-click access to real-time market insights, and seamless data integrations.

“Today’s mortgage landscape is more competitive than ever. There are non-traditional digital technology providers who have entered the market, requiring all professionals to rapidly improve speed and accuracy when responding to every home loan financing opportunity. With the new Mortgage Coach Advice Engine, local, referral-based loan originators are equipped to provide borrowers with superior advice exceeding demands and expectations,” said Dave Savage, CEO of Mortgage Coach.

Mortgage Coach Enterprise Lenders now have access to the Mortgage Coach Advice Engine. Visit Mortgage Coach at https://mortgagecoach.com/ae to learn how this new innovation enables lenders to present loan options differently and grow profitably.


About Mortgage Coach Mortgage lenders, banks, credit unions, and mortgage brokers rely on Mortgage Coach to turn borrower education into a competitive advantage. The Mortgage Coach advice platform helps mortgage professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting https://mortgagecoach.com or contacting sales@mortgagecoach.com.