The calculator is part of Mortgage Mapp's mobile application that allows loan officers to turn their smartphones into referral magnets. Using this mobile application, LOs can build strategic client relationships with industry specific tools including the mortgage calculator, pre-approval request and real time mortgage news.
The app, which creates personally branded customer engagement platforms, currently has more than 5,000 users.
In a release, Ben Brashen, CEO of Mortgage Mapp, says using MGIC's rates data for the calculator gives Mortgage Mapp's LO customers and their clients ‘an incredibly powerful addition to their personalized mortgage app.’
‘In today's competitive market it's important for loan officers to find ways to stand out,’ says Jay Hughes, Senior Vice President of Sales and Business Development for MGIC. ‘Mortgage Mapp's app accomplishes just that by making the loan officer accessible to consumers and Realtor partners by providing accurate, up-to-date information right on their phones. Adding MGIC's basic rates to the Mortgage Mapp calculator further enhances the depth of information available through the tool.’