MEQUON, Wis. (4/24/09)--iPhone users can now view and compare mortgage rates and fees from credit unions and other lenders with Mortgagebot’s Mortgage Marvel iPhone application. Mortgage Marvel extracts data from lenders’ product databases to provide mortgage quotes. “In seconds, iPhone users can download the free Mortgage Marvel application from the iPhone App Store to gain instant access to mortgage rate and fee quotes,” said Rick Allen, Mortgagebot director of strategic initiatives (Mortgage Banking April 1). Mortgagebot expects to grow its lenders’ marketshare with the application, as credit unions and banks can benefit from increased application volume from potential borrowers who use iPhones or iPod Touches. Mortgagebot is based in Mequon, Wis.