Customers can also communicate with a specialist mortgage professional via the app and all documents are created and shared digitally using secure file sharing technology.
It remains to be seen whether the lender can convince Canadians to make their largest purchase in this way.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Wynyard, St. Agatha, St. Andrews West, Warman, St. Catharines
One of Canada’s largest mortgage lenders has announced a product that it hopes will shake up the market. CIBC has launched its standalone app that allows customers to apply for, negotiate and receive approval for a mortgage with just a few taps of a smartphone.