Posted on in Technology
I’m really excited to announce that MortgageZen 1.0 went live in the iTunes App Store today. To my knowledge, MortgageZen is the first blended rate calculator to be approved for the iTunes App Store. The idea for MortgageZen came from a desire to have a quick & simple way to calculate the weighted average interest rate of an existing 1st & 2nd mortgage. The ‘Blended Rate’ comes up frequently when discussing refinance options with customers. My old workflow required a calculator, pen, & paper. It’s not a difficult calculation but it’s cumbersome when you’re mobile and the tools to calculate the rate aren’t available. Maybe other originators want this too? Finding no existing solution, we built one. The plan is to extend the feature set of MortgageZen to fulfill other niche mortgage calculations, so that mortgage originators are able to deliver more timely & useful information, thereby increasing the value they provide to their customers. I’d love feedback, comments, suggestions. […]
by jberman