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ABA, Mortgagebot Renew Alliance

Under a new agreement between ""American Bankers Association"":http://www.aba.com/default.htm (ABA) subsidiary ""Business Solutions"":http://www.aba.com/BusinessSolutions/default.htm and ""Mortgagebot"":http://www.mortgagebot.com/, banks signed up with the former will have the ability to access solutions for their online mortgage applications.

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By renewing the alliance, the two companies, partners since 2002, will continue offering services to bankers and lenders by integrating point-of-sale solutions, instantly pricing mortgages, and streamlining the mortgage lending process.

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""Since our inception in 1997, ""Mortgagebot"":http://www.mortgagebot.com/ has remained focused on delivering industry-leading, Web-based mortgage origination solutions to all sizes of financial institutions,"" Scott T. Happ, ""Mortgagebot's"":http://www.mortgagebot.com/ president and CEO, said in a statement.

""In a time of continuous change in the industry and competitive landscape, ""ABA"":http://www.aba.com/default.htm member banks continue to recognize the importance of leveraging technology and automation to deliver on their core lending goals of customer service, compliance, and profitability. Their success has been astonishing,"" he said

The new agreement keeps ""Mortgagebot"":http://www.mortgagebot.com/, acquired earlier this year by Canadian firm ""Davis + Henderson Corp."":http://dhltd.com/, a component of a long-term relationship between ""Business Solutions"":http://www.aba.com/BusinessSolutions/default.htm and ""Freddie Mac"":http://www.freddiemac.com/.

Deborah Whiteside, ""ABA's"":http://www.aba.com/default.htm SVP of mortgage solutions, said the two companies renewed their partnership because "" ""Mortgagebot"":http://www.mortgagebot.com/ is a very popular suite for ""[ABA]"":http://www.aba.com/default.htm members. It's flexible, [and] they can deploy the mortgage service solutions in a variety of different ways.""

An online mortgage solutions provider, ""Mortgagebot"":http://www.mortgagebot.com/ serves more than a thousand banking and lending institutions across the United States, according to its Web site.

""ABA"":http://www.aba.com/default.htm is an association responsible for representing banks with fewer than $165 million in assets.

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.
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