Mortgage Rates by Mortgage Marvel
By Mortgagebot LLC
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This application delivers real-time quotes from hundreds of lenders—in complete privacy. Provide some non-personal information and in just seconds, accurate mortgage rate and fee quotes are displayed from multiple lenders. And the best part is that our application is completely free.
Our application puts you in complete control. Use Mortgage Marvel to compare rates and fees. The pricing presented accounts for transaction-related pricing adjustments – like loan amount, loan-to-value ratio, loan purpose, property type, and occupancy – and assumes that you have good credit (720+ FICO credit score). This way you can compare mortgage pricing anonymously and free. Then, when you’re ready, you can select the lender of your choice, complete a simple, secure online mortgage application, and in less than 20 minutes you can be approved for a loan.
This application was created by Mortgagebot LLC, an Inc. 500 company that is the mortgage industry’s leading provider of online loan-origination technology. The rate and fee quotes you get through our application are always accurate and current because our technology is directly connected to the same mortgage rate, fee, and product databases that Mortgagebot maintains for its more than 800 mortgage-lending clients from coast to coast.
This unique, real-time integration enables our application to deliver accurate mortgage quotes. We simplify the shopping process and provide accurate and complete disclosures, so you can truly compare apples to apples and make an informed decision. You can trust our application to provide the accurate information you need to select the mortgage that’s right for you.
What's New in Version 2.0
A new "View Disclosures" button has been added to the detail screen for all rates. This button displays a listing of the payment and rate variations that will apply over the term of the loan. The variations include the interest rate, payment amount, and number of payments that will apply for each payment.
In the mortgage business
This app isn't bad if you understand what you're looking at. I work as a mortgage lender for a bank. We use mortgagebot for our online applications and it's a great program. The problems I have with this app are that there were no local lenders. Only banks that ive never heard of. The second thing was the closing cost. All rates were with no points but the closing cost were very high which leads me to believe that there is probably an origination fee in the cost (ussually 1%). I would consider that to be 1 point.
I'm going to use this app to show customers how competitive our rates are!!
It does show 15 year fixed... ALL YOU have to do is change the setting by clicking anywhere in the loan type box!! Sheesh! Great App!!!!!
Orphanware? No updates since 2009
No updates in 4 years. Last time I tried to use it I got a "loading" message but it didn't load. Useless now.