“Morty has put the power back in the hands of the consumer allowing them to take control of their financial future by choosing the best loan for them” Maria Fortner

What is Morty?

Morty is an online platform that offers transparent pricing for those who want a home loan. Morty has removed the guess work from the process of obtaining a mortgage by allowing the consumer to choose their loan, interest rate and downpayment all from their mobile device.

Why Use Morty?

Many people simply apply for a loan at their bank and accept the approval or denial without exploring other options. When you submit the application for a home loan you will receive a hard credit inquiry, you can shop for a home loan within a 30-day period with no additional credit hit. Let’s face it, who wants to go through this process more than once, it can be tiresome. With Morty you can see all the loan options you qualify for instantly, and the best part is you do not have to sign up for anything.

Morty’s loan officer websites such as homeloansbymaria.morty.com allow you to input the potential purchase price, downpayment, credit score and more. If you like the results, you see then and only then should you create an account to download your quote or lock in the rate. Did I mention that one hundred lenders are not going to becalling your phone? When you submit an online inquiry through a website form or landing page, your information is frequently forwarded to multiple loan officers in the area, which can lead to unsolicited contact when you were simply seeking information. You can avoid phone calls and emails by looking at it for yourself in real time and then make the decision to apply or not.

Pre-Approval

After you have selected a loan option and you’re ready to get pre-approved you will create an account and give us a few details such as if this a new purchase or refinance and where you are in process; are you just exploring or do you already have a signed purchase agreement? (No matter where you are in the process this will not affect the outcome of the pre-approval). You will need an address to get the pre-approval even if you have no idea which house it’s going to be, I suggest a home within your financial limits and the one you love the most. Next you will enter as many details as you can about the property and transaction, an estimated closing date is required to lock your rate, I suggest going out 30 days from the date of the pre-approval because the longer the closing date the more you will pay for the rate, (ask your loan officer for more information on rate lock). After that you will link your asset accounts or manually enter which accounts you will be using the money from for your downpayment, then you will enter your most recent employment income over the last 2 years. The last step is doing a soft credit pull and then you get your pre-approval, which is the power in your hot little hands to “Make that Offer”!You can do all of this in 20 min, we do not require asset verification and documentation at this point but I suggest being prepared ahead of time because once you submit the official application it’s off to the races and we need full disclosure often within 24 hours so we can lock the rate, and you sign all necessary disclosures etc.

Recap

Morty is here to make the home loan process simple by giving you access to technology that puts you in control of your financial picture. We want you to have access to our software to prepare for your buying experience without the hassle of performing now. When you are ready to perform get with your loan officer to submit the application. I want to stress that a pre-approval is preliminary, meaning we have not verified your income and assets to decide if you qualify, we are producing a pre-approval based on the information you have given us. Most Realtors do not want to submit an offer without underwritten approval, so I suggest applying with a hard credit pull before you even start looking at homes and submitting offers for the best results. We are so happy you decided to use Morty for your home loan experience.