Republic Mortgage Offers Mobile App for Borrowers

Republic Mortgage Home Loans has developed a mobile app exclusively for its borrowers.

The bank’s My Mortgage App is a first-of-its-kind tool that gives homeowners ongoing insight into their mortgage through a personalized mortgage dashboard that enables users to stay up to date on all aspects of their loan.

The app allows loan applicants and current borrowers to track their loan application from submission to approval, follow changes in their mortgage balance and payments throughout the life of their loan, or review the latest interest rates and home values in their neighborhood.

In addition, users can access easy-to-use calculators that help estimate new payments after a refinance or figure out how quickly to pay down the principal, track total principal and interest paid.

“Mortgage U,” the bank’s homeownership education database, enables app users to contact their mortgage loan officer, real estate agent, insurance agent and title company to receive loan updates.

My Mortgage is available for iOS devices in Apple's App Store as well as Android devices in Google Play.

It resulted from “almost a year of intense research and development,” said CEO of Republic Mortgage, Scott Leisham, who expects tens of thousands of the bank’s current customers will benefit from the app. The goal, he said, is to make homeownership an easy and enjoyable experience.