Each year Mortgage Technology magazine publishes a list of the top 50 service providers in the mortgage technology space. And this year will be no different. In fact, lenders struggling to find every efficiency may find the list even more helpful this year. So, do you belong on our list?
This list has gone through several changes over the past few years. For example, we originally honored 100 providers, but have sliced that down to just 50 in order to reflect the deep industry consolidation. As lenders look increasingly for one end-to-end solution, technology providers have merged or acquired niche players to offer a variety of services or technology applications under one company name.
In addition, Mortgage Technology magazine has embraced new technologies on our end to allow companies to provide us with information detailing why they should be included on our list. We want to do everything possible on our end to ensure that the list is and remains credible. If you think you should be on the list apply
Of course, we reserve the right to include vendors that didn’t apply, but 90% of the companies that make it on our list did apply through our website this year. And it’s free to apply so I encourage you to take some time and fill out the online form. If you end up on the list this year it will all be worth it.
What hasn’t changed about this listing is our commitment to ensuring that the list includes true mortgage technology leaders. In total, 60% of the companies on the list last year had been in the mortgage technology space for 10 years or more. But longevity isn’t the only criteria to get on the list. Our four major criteria for inclusion of eligible vendors and service providers on our list are customer satisfaction, functionality, market share, and viable revenue model.
Demonstrating functional value to lenders is our most important criterion. It is crucial that the providers on our list have satisfied users and show the ability to hold them by keeping those customers apace of the technology deployed by competing lenders. For vendors interested in applying to be on next year’s list check our website this Fall for an updated application form.
Our deadline for accepting online applications is tax day, April 15. The list will be published in the June issue of Mortgage Technology magazine. Good luck.
