Mortgagebot LLC

Location: 1000 W. Donges Bay Road, Suite 200, Mequon
Web site:
Year founded: 2001
Product or service offered: Mortgagebot provides a robust, configurable, and affordable software solution enabling over 700 financial institutions nationwide to originate mortgage loans online.
Projected 2007 revenue: $25 million

Leadership team: Scott Happ, president and chief executive officer; Susan Baker, senior vice president and chief product officer; and John Cullen, senior vice president and chief financial officer.

Target clientele: Financial Institutions (banks, credit unions).

Business organization memberships: Mortgage Bankers Association (MBA), America’s Community Bankers (ACB), American Credit Union Management Association (ACUMA), Independent Community Bankers Assn. (ICBA).

What has fueled your company’s growth? Our company’s growth has been fueled by advanced product design, outstanding service levels and the rapidly increasing use of the Internet as a method for financial institutions to serve their customers.

What is the biggest obstacle to your company’s growth? As part of our culture, we deeply value customer service, teamwork and innovation. Our challenge is to maintain that culture while continuing to grow.

Do you plan any changes in your company in the upcoming months? We are planning for substantial sales growth in the next 12 months. In addition, we are in the process of rolling out a major new product.

Who are the business people, locally or nationally, whom you admire? And what traits do those people exhibit that make you admire them? Bill Gates for his vision, Jack Welch for his human resource philosophies and Gordon Gunnlaugsson for his stewardship.

What is the outlook for the business conditions of your industry over the next several months? Although the sub-prime mortgage market has experienced substantial turbulence recently, Mortgagebot clients are community banks and credit unions that focus almost exclusively on prime-grade mortgage business.  Our clients are traditional, prudent lenders who consistently provide mortgage financing for the communities they serve, regardless of the economic environment. Accordingly, we expect the industry we serve — regulated financial institutions — to benefit from the current upheaval in the mortgage industry.

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