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January Edition 2022

Morty – Empowering Homebuyers to Confidently Secure and Finance Their Home Purchase Online


A mortgage broker acts as a middleman between you and potential lenders. The broker’s job is to compare mortgage lenders on your behalf and find interest rates that fit your needs. Mortgage brokers have stables of lenders they work with, which can make your life easier. Mortgage brokers are licensed and regulated financial professionals who do a lot of the legwork. They gather documents, extract your credit history and verify your income and employment, using the information to help you apply for loans and negotiate terms in a short time. You can save time by using a mortgage broker; it can take hours to apply for preapproval with different lenders, then there's the back-and-forth communication involved in underwriting the loan and ensuring the transaction stays on track. A mortgage broker can save you the hassle of managing that process. A mortgage broker offers a wide range of mortgage loans from a number of different lenders. The greater the broker’s experience and network, the better your opportunity to obtain the loan product and the interest rate that best suits your needs.

Morty is one such company that is revolutionizing the outdated mortgage industry by letting people to shop, compare, and close any mortgage option from any lender, completely online. Purchasing a home is the largest, most important financial transaction of most people’s lives. The company believes getting a mortgage should be just as simple, modern, and transparent as buying anything else online. Therefore the company is building the first-ever, fully digital marketplace to make this possible. Morty was founded by a diverse team of mortgage industry vets and software engineers, thereby they understand how difficult and important that mission is, and what tools they need to accomplish it. The firm is funded by the same investors who have backed Compass, Lemonade, Airbnb, and Dropbox.

How Morty works

Morty’s tech-first platform and team of licensed Mortgage Experts have helped thousands of homebuyers across the U.S. since 2016. The company works with you from start to finish making your mortgage experience transparent and worry-free. The company navigates the client through any situation, handling the process and smoothing any bumps in the road along the way. For example, if borrowers have credit issues, the broker will know which lenders offer the best products to meet their needs.

First, create your Morty account. Enter the property address of the home you’re buying and upload or link your financial documents on its secure platform. The more documents you provide, the more accurate your rates will be. Next, determine your mortgage eligibility, through its instant pre-approval tool to get your eligibility decision in minutes. Share your pre-approval letter with your real estate agent or use it to strengthen your offer. If you're not eligible yet, the company will let you know exactly what you need to do to improve your chances of getting pre-approved. Get personalized loan options with no hidden fees. Choose to have its team prepare loan options or schedule time to talk with one of Mortgage Experts. And finally, close on your new home. You’ll have a dedicated closing specialist who’ll coordinate every step of the closing process.

The Ardent Visionary behind Morty’s Success               

Nora Apsel is the founder and Chief Executive Officer of Morty. She began her career in the nonprofit world before realizing that her passion for technology could be used to have a greater social impact. She has spent the past ten years as a software and front-end engineer working for venture-backed startups—most notably Meetup, Flurry (acquired by Yahoo) and Truly Wireless. Nora initially worked to build Morty as a software engineer, before transitioning to leading and scaling the company's growing operations.

“Morty is enabling a tech-first mortgage that offers homebuyers the efficient, self-service experience needed in today’s fast-moving housing market, all at a lower cost than the traditional offline mortgage experience.”