INGATE

From The Sip Trunking Experts

TMCNet:  MortgageAuction Launches Today in Massachusetts, Transforming the Mortgage Process to Increase Borrower Savings and Generate Lender Leads

[November 13, 2012]

MortgageAuction Launches Today in Massachusetts, Transforming the Mortgage Process to Increase Borrower Savings and Generate Lender Leads

BOSTON --(Business Wire)--

MortgageAuction, offering a simple, secure and transparent online mortgage auction environment, launched today. The company's easy-to-use website, www.mortgageauction.com, connects motivated borrowers seeking significant savings with licensed lenders pursuing quality leads. MortgageAuction transforms the mortgage process by eliminating the need for exhaustive searching and negotiating for the best mortgage rate. Initially conducting business in Massachusetts, the company plans to expand to other states in coming months.

There are notable benefits to online mortgage auctions. Borrowers value saving money by having lenders compete for their business while reducing time-consuming research and negotiation. Lenders constantly seek high quality leads, and MortgageAuction delivers a cost-effective model to grow their loan volume. They choose the auctions in which they participate, including how much and how often they bid.

The mortgage market is enormous. According to Hoover's (News - Alert), as of 2012 U.S. mortgage banking generates $60 billion in annual revenue, with the Internet serving as a major source of mortgage applications. At 35% Mortgage is the leading category for all lead generation demand. MortgageAuction delivers an online auction platform that delivers new efficiencies and opportunities for boh borrowers and lenders in this large market.


"Participating in a pre-launch beta test, I experienced first-hand how MortgageAuction can save mortgage borrowers a lot of money," said Stephanie G. of Los Angeles. "It is hassle free, straightforward, user-friendly and easy to navigate and set up. It's especially fun to watch lenders actually compete for business. Monitoring my auction was enjoyable, especially comparing the results and watching the savings add up. I received an email whenever there was a new bid in my auction, which was really useful. I also appreciated being in control, which is a unique and empowering feeling for a mortgage borrower."

"The mortgage origination industry can be challenging, especially when it comes to generating quality leads on an ongoing basis in an efficient and cost-effective manner," said Richard Shapiro of Asset Mortgage Group, Natick, MA. "MortgageAuction provides access to the 'holy grail' for lenders, borrowers actively seeking a mortgage and ready to do business. We plan to leverage MortgageAuction as a new lead generation channel that can help us grow our business and directly impact our bottom line."

Creating an auction with MortgageAuction is simple. Log onto www.mortgageauction.com, sign up in seconds, click to create an auction and watch savings grow as lenders compete. The entire experience is transparent and hassle free.

"Online mortgage rate search has been a dark alley for borrowers and lenders. Borrowers are overwhelmed with mysterious terms and conditions while trying to negotiate for the best mortgage deal," said MortgageAuction Chief Executive Officer Jeff Chin. "An open, competitive bidding model saves time and money for the borrower while creating a channel of quality leads for lenders. The model is a win-win that will transform the mortgage industry."

Borrowers, lenders and others seeking additional information about MortgageAuction may contact info@mortgageauction.com.

About MortgageAuction (www.mortgageauction.com)

MortgageAuction leverages the proven and understandable auction concept to transform the mortgage process. With MortgageAuction, borrowers no longer have to engage in the exhaustive process of searching and negotiating for the best mortgage rate. The company provides licensed lenders with access to quality leads to increase their loan volume. Founded in 2012, MortgageAuction is headquartered in Boston, Massachusetts.


[ Back To SIP Trunking Home's Homepage ]

Loading
Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner


Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.