While there are now more options for homebuyers seeking to find a new place to live, the process of getting a mortgage is still mostly an archaic, offline process with lots of unruly paperwork. New York-based Morty is trying to change that, and has raised $3 million to make its mortgage marketplace available to users.
Morty is seeking to provide its borrowers with more options and more transparency while shopping for a mortgage. It allows users to create a profile with their financial information, see what options might be available to them, and close on a mortgage all from the company’s website.
By aggregating multiple mortgage lenders on its platform, Morty is providing borrowers with a wider range of choices than they’ll see on other platforms. The company is launching with 10 lenders that users can compare the rates of, in 10 markets around the country.Read Complete Article