Another lender has partnered with the M3 Tech Marketplace, adding to the growing list of Canadian lenders using the non-bank originator’s services.
Equitable Bank joins Merix, Lendwise, NPX, and First National as a MortgageBOSS direct lender. It means M3 brokers will be able to submit applications directly to Equitable through the platform.
“Collaborating with our partners to enhance the broker and customer experience is always a top focus,” says Brian Leland, SVP Residential Lending at Equitable Bank. “We are pleased to have built on our long-standing relationship with the M3 Group by leveraging innovation and technology to further enhance service delivery to home buyers and mortgage customers.”
The announcement follows the news of M3’s partnership with National Bank of Canada to do business with brokers directly in a new way via NBC’s SAP Credit Adjudication system.
“Utilizing technology and innovation to reimagine the broker/lender relationship remains the number one focus for M3,” said Andre Boisvert, Chief Technology Officer, M3. “The direct to lender connectivity model is yet again another example of how M3 Tech’s Marketplace is simplifying the home buying process for lenders, brokers and the buyers they serve.”
Roll-out to brokers
MortgageBOSS Connect will begin rolling out to M3 brokers – which include those under the Multi-Prêts Mortgages, Mortgage Alliance, Invis, Mortgage Intelligence, and Verico brands – during 2019.
“Our focus is always on driving useful and relevant experiences to help our brokers with what they need to do and that means continually evolving as an organization to find new innovative ways to simplify and streamline the home buying process,” said Karl Sutton, Vice President, M3 Tech.
Steve Randall has more than three decades of media experience encompassing online, newspapers, magazines, radio, and podcasts. He focuses on insights and news for professionals in finance, real estate, and legal services. Steve writes for multiple Key Media titles in Canada, United States, Australia, and New Zealand.
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