How MortgageMarket Seeks To Revolutionize The Home Loan Industry Using Tech
How MortgageMarket Seeks To Revolutionize The Home Loan Industry Using Tech. MortgageMarket exists to empower consumers to make informed decisions about their home loan purchase via a marketplace consisting of the top 7 banks in SA. The company is a home loan finance expert that has combined proprietary technology to give consumers choice, control, convenience and transparency on their home loan options.
Buyer education is an important part of the company’s service offering because it knows that an informed buyer, increases their chances of turning their property into a valuable asset in the future. It provides all the latest information, trends and wisdom about the home buying journey.
MortgageMarket was founded by a diverse team of seasoned home loan experts and software engineers, so they understand the challenges related to getting a home loan and what tools you need to accomplish it. The company’s goal is to revolutionize the home loan industry using tech and by putting customers & estate agents at the center of value creation.
MortgageMarket’s new innovation for all customers, the MortgageMarket Pre-approval tool, takes the guess work out of how much money the bank will loan customers for their home. The tool will give customers an accurate indication of the home loan amount they could qualify for in just 2 minutes.
Getting a MortgageMarket Pre-approval is the first step for all potential home buyers, when thinking about buying property. It gives them the ability to shop with confidence, which is vital for clients, when they engage with estate agents and residential developers to start the buying journey. Clients get a real-time credit score and affordability check, which are both key factors that make up the banks’ full credit assessments process. Importantly, this service is offered free of charge and does not affect the client’s credit score rating, in any way.
“MortgageMarket has partnered with Experian, a leading credit bureau, to provide clients with access to their credit record. This is the same credit data all banks use as part of their credit assessment process. Therefore, customers can be confident that our Pre-approval tool we gives them accurate results, that are aligned to the same information the banks will review”, explained Tim Akinnusi, founder and CEO of MortgageMarket.co.za.
