SOURCE: Mortgagebot

Mortgagebot

March 06, 2009 10:00 ET

Mortgagebot Acquires Netupdate From Most Home Corp.

Acquisition Further Expands Mortgagebot's Industry-Leading Market Share in Online, Point-of-Sale Mortgage Technology

MEQUON, WI--(Marketwire - March 6, 2009) - On the heels of outstanding growth in 2008, Mortgagebot® LLC (www.Mortgagebot.com) -- the industry-leading provider of online, point-of-sale lending technology to the mortgage industry since 1997 -- announces that it has acquired, through a wholly owned subsidiary, the loan-origination software platform operated by Netupdate® Inc. of Bellevue, Wash. and its client base.

Netupdate has been a developer of consumer-direct, point-of-sale mortgage-origination technology since 1999, and was a wholly owned subsidiary of Vancouver, B.C.-based Most Home Corp (OTCBB: MHME), a provider of online customer-service solutions for the mortgage and real estate industries.

New "Partners" to benefit from exceptional customer care and expanded functionality

"Mortgagebot is the number-one provider of online lending technology to the mortgage industry," said Mr. Scott Happ, President and CEO of Mortgagebot. "Our acquisition of the Netupdate platform unites our clients with those of the number-two provider. It's a great 'win' for both Mortgagebot and our new Netupdate clients."

"We're confident that Netupdate clients will benefit from our business model -- which is built not only on providing innovative solutions with exceptional functionality, but also delivering outstanding customer care," stated Mr. Happ. "Because we collaborate so closely with our clients, we call them our 'Partners'; and we're delighted to welcome Netupdate's clients as new Mortgagebot Partners. Our goal is to make their transition into the world of Mortgagebot as smooth, as trouble-free, and as worry-free as possible."

"Most Home is pleased to have Netupdate acquired by Mortgagebot," said Mr. Ken Galpin, CEO of Most Home Corp. "Mortgagebot truly is the market leader, with a world-class reputation for both product innovation and client satisfaction. Netupdate clients are in very good hands with Mortgagebot."

With the Netupdate acquisition, Mortgagebot strengthens its client base of banks, thrifts, and credit unions to more than 900 organizations nationwide.

About Most Home Corp.

Vancouver, B.C.-based Most Home Corp., through its wholly owned subsidiary Most Home Real Estate Services Inc., provides real estate and mortgage companies with online customer-service solutions. Though based in Canada, Most Home Corp. is a U.S.-registered company that conducts some 90 percent of its business in the U.S. For details, visit www.MostHome.com.

About Mortgagebot

Mortgagebot LLC (www.Mortgagebot.com) is the industry-leading, Inc. 500 company that provides the unique, award-winning Mortgagebot PowerSite® family of integrated point-of-sale (IPOS) solutions for taking mortgage applications from every mortgage channel: consumer-direct via the Internet, in the branch or call center; or through professional loan officers. Mortgagebot blends its extensive mortgage experience with leading-edge "software-as-a-service" (SaaS) technology to create scaleable and affordable Web sites for more than 900 mortgage lenders nationwide.

Mortgagebot also offers Mortgage Marvel® (www.MortgageMarvel.com), the award-winning, ad-free mortgage-shopping Web site that delivers accurate, anonymous, real-time rate quotes in seconds from a nationwide selection of lenders. But unlike other Web sites, Mortgage Marvel enables borrowers to link directly to their preferred lender -- where they can complete a mortgage application and get conditional approval with full disclosures, all in 20 minutes or less.

Mortgagebot, Mortgagebot PowerSite, and Mortgage Marvel are registered trademarks of Mortgagebot LLC.

All other trademarks are the property of their respective owners.

Contact Information

  • For more information, contact:
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    PR Unlimited
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    Dan Welbaum
    Chief Marketing Officer
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