Mortgagebot


Mortgagebot is an online mortgage-handling platform used by banks and credit unions. Mortgagebot is used by regulated banks and credit unions in the United States.

History

In 1997, Mortgagebot was formed as the mortgage subsidiary of M&I Bank. The bank's consumer-direct system for taking mortgage applications was originally developed to enable M&I's mortgage business to take advantage of the growth of the Internet.
In 2001, Mortgagebot was spun off from M&I Bank in a management-led buyout.
In April 2011, Davis + Henderson acquired Mortgagebot LLC for $231.8 million in cash.
In 2014, D+H Mortgagebot became D+H. At that time, Mortgagebot was used by 1,400 banks and credit unions throughout the United States, originating over US$150 billion in mortgage applications annually.
In 2017, D+H merged with Misys to become Finastra.

Products

Awards