Thursday, February 11, 2010
05:20 PM Texas Time


Mobile Phone Technology Accelerates

Recent mortgage-related mobile application activity


A new iPhone application provides a powerful financial calculator that had previously been widely used as an independent electronic device. Other new phone applications include programs that generate mortgage leads, determine home values and manage loan documents. Several banks announced new mobile capabilities.

Hewlett-Packard has introduced a new iPhone application, HP-12W, with the same abilities as its 12c financial calculator. Interest rates and mortgage payments can be calculated utilizing a Smartphone.

DocuSign users can track and view details of documents in process, run reports and make corrections right from their iPhone. The Seattle, Wash.-based Web-based service late last year released the iPhone application from Smart Mobile Solutions.

LendingTree's iPhone App, Mortgage RateFinder, enables prospective borrowers to receive loan offers almost instantly without divulging personal information. After inputting loan information, prospects are provided with lenders' offers. Selected lenders are then contacted to supply additional information.

Santa Ana, Calif.-based First American CoreLogic's Apple iPhone application, RealQuest Home Value Pro, offers real estate property data on the run. The application enables individuals to view and share with others the property values, foreclosure information and housing trends on over 140 million residential properties in the United States.

Real estate professionals can record notes by voice or text and capture photos of property listing with TourNarrator , a new iPhone App from a la mode, a real estate and mortgage technology company based out of Oklahoma City.

And Wells Fargo released a CEO MobileSM iPhone App that alerts corporate and business customers to pending transactions and connect them to online commercial banking services.

PNC Bank last summer released Virtual Wallet, an iPhone app that offers their customers online banking and day-to-day savings and expense management on the go. This year, PNC followed that app with a person-to-person payment service that allows customers to send money to anyone with a U.S.-based bank account using only an e-mail address or mobile phone number.

Tri Counties Bank last summer chose ClairMail to power a mobile service that enables customers to access their accounts and receive personalized text alerts.

Frustrated depositors and borrowers can now "Bash a Banker" with a number of virtual weapons. PIM, based out of London, released an iPhone application that allows the player to beat up the banker with various implements, including a fish.


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