First Internet Bank Leverages Power of D+H's Mortgagebot Enterprise® Solution
to Win 2013 Online Mortgage Originator Award
MEQUON, WI, Dec. 16, 2013
Bank Relies on Platform's Functionality, Ease of Use and Efficiency to Convert
Started Applications into Submissions
MEQUON, WI, Dec. 16, 2013 /PRNewswire/ - Using D+H's Mortgagebot Enterprise^®
platform, First Internet Bank (www.firstib.com) of Indianapolis, Ind.,
converted 71 percent of the mortgage applications its borrowers started online
into completed application submissions, a rate that earned the $738
million-asset bank the title of Online Mortgage Originator of the Year in the
2013 Mortgage Technology Awards. The award recognizes a lender's use of
web-based technologies to generate borrower leads and convert them into closed
"Mortgagebot Enterprise plays an important role in our service delivery and
has been instrumental in our success," said Kevin B. Quinn, senior vice
president at First Internet Bank. "It provides the online lending
functionality that we need behind the scenes. We use it to submit loans to
Desktop Underwriter^®, run credit checks and to get instant credit decisions
whether a loan officer is available or not."
D+H's Mortgagebot Enterprise platform enables First Internet Bank's loan
officers to concentrate their efforts on helping borrowers determine the right
mortgage program to fit their needs, rather than on the time-consuming process
of filling out applications and other preliminary mortgage application steps.
"Mortgagebot Enterprise helps us make our mortgage process efficient," said
Quinn. "There is no software to load. When an application comes in, it feeds
right into our loan origination system, so that a loan officer doesn't need to
rekey the information. Instead, they can concentrate on the consultative
process to help borrowers choose the loan that is best for them."
First Internet Bank has accomplished great results with the support of its
advanced online lending system. "The Mortgagebot Enterprise platform is a
vital component in the bank's effort to provide easy, efficient, user-friendly
online mortgages for its customers," said Scott Hansen, executive vice
president of marketing, D+H USA. "Mortgagebot Enterprise provides the
efficiencies and ease of use that are essential in the bank's
direct-to-consumer Internet lending model. We look forward to continuing to
work with First Internet Bank to maximize its success in the online mortgage
First Internet Bank has a long history with D+H Mortgagebot, having chosen the
Mortgagebot Enterprise platform in 2008. "We started by redesigning our site
in order to maximize our conversion rate. Mortgagebot Enterprise really
complements our efforts on the mortgage side. It delivers ongoing loan status
reminders and reporting capabilities to meet our needs," said Quinn.
About First Internet Bank
First Internet Bank of Indiana opened for business in 1999 as the first
state-chartered, FDIC-insured institution to operate solely via the Internet
and today has customers in all 50 states. Deposit services include checking
accounts, regular and money market savings accounts with industry-leading
interest rates, CDs and IRAs. First Internet Bank also offers consumer loans,
conforming mortgages, jumbo mortgages, home equity loans and lines of credit,
and commercial loans. This year, First Internet Bank was named one of the Best
Places to Work in Indiana by the Indiana Chamber of Commerce and one of the
Best Banks to Work For by American Banker Magazine. The bank is a wholly owned
subsidiary of First Internet Bancorp (NASDAQ: INBK).
D+H is a leading provider of secure and reliable technology solutions to North
American financial institutions with a reputation for being a trusted partner
that helps clients build deeper, more profitable relationships with their
customers based on rich industry and market insight, and consumer knowledge.
Our integrated, compliant technology solutions enable clients to grow,
compete, and optimize their operations, while our forward-looking approach
helps them stay ahead of the market and anticipate changing consumer needs. In
2013, D+H rose to 33rd on the FinTech 100, a ranking of the top technology
providers to the global financial services industry, while our recent
acquisition, Harland Financial Solutions, is ranked 44th. D+H is also ranked
24th on the 2013 Branham 300, a listing of the top Canadian ICT companies. For
more information about D+H visit www.dhltd.com.
The information contained in this press release is accurate at the time of
publication. However, service offerings and availability, relationships,
contacts and other specified information may change over time.
SOURCE Davis + Henderson Corporation
Cindy Golisch, President, PR Unlimited
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