Mortgagebot is an online mortgage-handling platform used by banks and credit unions.
Mortgagebot is used by regulated banks and credit unions in the United States.
[citation needed] In 2001, Mortgagebot was spun off from M&I Bank in a management-led buyout.
[1] In April 2011, Davis + Henderson acquired Mortgagebot LLC for $231.8 million in cash.
[4] At that time, Mortgagebot was used by 1,400 banks and credit unions throughout the United States, originating over US$150 billion in mortgage applications annually.