TORONTO, July 14, 2021
Private lenders now have barrier-free access to a wide range of mortgage applications
TORONTO, July 14, 2021 /PRNewswire/ -- Filogix, a Finastra company, announced the launch of Filogix Private Lender Gateway, a new portal that connects private lenders to the Filogix Mortgage Marketplace. The solution enables private lenders to conduct business with Filogix's network of over 17,000 mortgage professionals across Canada, without the need for additional technology.
"We are committed to enhancing the experience of our entire mortgage marketplace, including lenders of all sizes and varying technology capabilities," said Jerry Lo, Vice President, Filogix. "With the launch of Filogix Private Lender Gateway, we have removed the barrier to entry for private lenders who do not have the need or means, for a traditional lending platform. With this portal these private lenders can focus on building and growing their business."
Filogix Private Lender Gateway's secure and user-friendly digital portal provides private lenders with a detailed summary of each application. Integration with Google maps enables a fast and efficient evaluation of the property. The portal is available at no cost; there is no subscription fee and private lenders are only charged for the mortgage applications they choose to pursue. Private lenders can then upload commitment letters, receive credit reports and securely store and manage consumer information all within the portal. Filogix Private Lender Gateway is available in both English and French in order to serve the entire Canadian market.
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world's top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com
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