Filogix, a Finastra company, recently launched its Private Lender Gateway, a new portal that connects private lenders to the Filogix Mortgage Marketplace, according to a press release.
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,” Filogix Vice President Jerry Lo said in the release. “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.”
Additionally, 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 Lenders also can upload commitment letters, receive credit reports, and securely store and manage consumer information all within the portal.
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities.