Commercial Mortgage Application: Fill & Download for Free

Recognizing that most online application services sucked, we built the MortgageHippo.com mortgage application portal to offer our customers a streamlined and efficient mortgage application experience.To save time and avoid missing deadlines, tasks are assigned by licensed mortgage guides to guide you through the entire application process. It's also a centralized hub to store all your application documents and talk directly with licensed mortgage guides.Here's how the rest of MortgageHippo works:First, we assess your personal situation through a series of questions, all done online, to help determine your personal needs, preferences, and risk tolerance.Next, we get quotes from multiple lenders based on these needs. Commercial banks and direct mortgage lenders like QuickenLoans are each tied to their own loan programs and rates, leaving you no option for comparison shopping.Our proprietary loan scoring system (HippoScore) then matches customers with home loans based on compatibility, making it easy to evaluate multiple options.Finally, if you decide to choose a home loan through us, you are given access to the mortgage management portal that keeps the entire mortgage process organized.

One specific use case that we at Clik.ai are solving is to use machine learning based approach to automate the commercial mortgage underwriting process which across the commercial real estate is still heavily manual. Long and tedious work of stripping out key income historical values from operating statements, rent rolls and trailing 12 statements takes many number of hours. At clik.ai we use machine learning to auto extract and auto classify income line items following the CREFC standards and prepare loan underwriting models instantly. At the end to improve such mechanisms it all boils down to data; more data results in better algorithms for quality outputs. Very curious to hear different other use cases in the industry from others.

Tools that make shopping and comparing home loan programs easy, especially for first-time homebuyers. Think TurboTax, only for mortgages.The industry is moving beyond the mortgage referral sites that simply generate leads for lenders and toward automating the process of finding and applying for home loans.Hippoteq (Hippoteq) is a great online tool that chooses the best mortgage for your needs -- kind of like a broker on steroids. They're based in Chicago and currently serve all of Illinois.Here's how it works:1. Answer a series of simple questions to determine your personal needs, preferences, and risk tolerance and Hippoteq will recommend the best mortgages that fit your profile.2. Shop and compare recommended loan offers from a network of lenders, completely anonymously (commercial banks and direct mortgage lenders like QuickenLoans are each tied to their own loan programs, leaving you no option for comparison shopping).3. If you find a loan you like and want to proceed, you'll have access to a mortgage application portal where you can keep track of your application, stay organized, and sign off on key documents -- all with the help of a personal mortgage expert.Full disclosure: I'm a product designer at Hippoteq.