mortgagetechnology

The 13th Annual Mortgage Technology Awards recognize innovative technology developers and users that are promoting more efficient and cost-effective lending practices.

The Mortgage Technology Awards have a long tradition in the mortgage finance and technology industries for recognizing innovative technology developers and users that are promoting more efficient and cost-effective lending practices. In its 13th year, the awards are among the most coveted in the industry.

Mortgage Technology will present 12 awards in 2012, including two new awards—the Lenders’ Choice Award and the Transforming Valuations Award. Three awards are reserved to recognize lenders and servicers, while the remaining awards are geared toward vendors and individuals.

There is a $375 fee per entry to apply for a Mortgage Technology Award. Companies are allowed to nominate themselves, but are restricted to applying for a maximum of two categories per year. The nomination deadline is 6 p.m. EDT, Thursday June 28.

The nomination form is below. Unless noted, nominees must respond to all questions. When filling out the nomination form, please take note of the maximum characters, including spaces, that are allowed in each entry box. The larger entry boxes can accept hard returns for paragraph breaks in a response.

The finalists for 11 of the awards will be determined by a panel comprised of Mortgage Technology magazine’s editorial staff and announced in July. The panel will adhere to the same strict standards of objectivity and unbiased conduct that dictate the editorial process in all SourceMedia publications.

From the list of finalists, the judges will then select the winner in each category, which will be revealed during the Mortgage Technology Awards ceremony. In addition, all finalists will be invited to SourceMedia’s New York City headquarters to participate in a video interview that will premiere during the Mortgage Technology Awards ceremony.

New Lenders' Choice Award

For the first time in the history of the Mortgage Technology Awards, lenders and servicers will get to pick the winner of one of the awards. The Lenders’ Choice Award will be voted on and selected by the lenders and servicers who are named to this year’s list of Top Tech-Savvy Lenders and Servicers.

Mortgage Technology will soon begin accepting nominations for the 2012 Top Tech-Savvy Lenders and Servicers. After the list is revealed in the September issue of MT, the judges panel will conduct a survey of the winners, asking them to rank the top three technology providers that offer their organization the best customer service, value proposition and overall user experience.

The judges panel will then assign a points value to each lender/servicers’ rankings. The vendor ranked first will receive three points, the second-place vendor will receive two points and third place will receive one. The point totals for each vendor will be counted and the top three points-earners will be named the finalists ahead of the Mortgage Technology Awards ceremony. The winner will be the company with the highest combined points total and revealed at the awards ceremony.

All of the Mortgage Technology Awards winners will be published in a special edition of the magazine and as always, the Mortgage Technology Awards will be presented at a live ceremony. This year’s event will take place on Oct. 21 in Chicago.

The nomination deadline for the Mortgage Technology Awards is 6 p.m. EDT, Thursday June 28.

Lender/Servicer Awards

Green Lender Award
The Green Lender Award commends the use of technology to promote sustainable and environmentally conscious business practices in the mortgage industry.

Online Originator Award
The Online Originator Award commends a lender with a comprehensive strategy to use Web-based technologies to generate borrower leads and convert them into closed loans.

Servicer of the Year Award
The Servicer of the Year Award recognizes a servicer using technology to optimize management of performing and/or distressed mortgage portfolios and ensures efficient communication with borrowers, investors and the mortgage servicing support industry.

Vendor/Individual Awards

10X Award
The 10X Award commends a company, product or technology that’s had an exponential impact on mortgage finance.

Fix-It Award
The Fix-It Award recognizes technology that provides an effective solution to a specific industry problem, need or channel.

Harnessing Mobile Award
The Harnessing Mobile Award commends the development and implementation of mobile technology in the mortgage industry.

Lasting Impact Award
The Lasting Impact Award acknowledges an individual, group or company responsible for a technology initiative or development proven to have an enduring influence that’s transformed mortgage finance.

Lenders’ Choice Award (New for 2012!)
The Lenders’ Choice Award recognizes the technology provider that offers the best customer service, value proposition and overall user experience. The winner is selected by the lenders and servicers who are named to MT’s Top Tech-Savvy Lenders and Servicers list.

Release of the Year Award
The Release of the Year Award recognizes a new software, platform, alliance or initiative that’s expected to have the broadest future impact on the mortgage industry.

Steve Fraser Visionary Award
The Steve Fraser Visionary Award is a lifetime achievement award that recognizes the accomplishments of an outstanding mortgage technology innovator, visionary or evangelizer.

Synergy Award
The Synergy Award recognizes technology initiatives and alliances that promote integration of software and processes to promote automation, efficiency and broad mortgage industry use.

Transforming Valuations Award (New for 2012!)
The Transforming Valuations Award recognizes a technology advancement in the appraisal, broker price opinion or automated valuation sectors.