MortgageMarket first in 25 years to secure SA banks' direct mortgage deals
MortgageMarket , a leading FinTech and the largest online marketplace for home loans in South Africa, has announced a landmark industry development as the first company in 25 years to secure direct bank mortgage origination contracts with major lenders including FNB, Absa, Standard Bank, Nedbank, RMB and Investec. This milestone fundamentally changes how industry players such as real estate agencies, property developers, and mortgage aggregators submit home loan applications using their own white label platform to get multiple quotes within 48hrs. For the first time in over two decades, bank origination capability has been extended beyond a narrow group of incumbents, opening the door for broader participation by mortgage aggregators, estate agents and property professionals. Mortgage origination contracts from the banks enables MortgageMarket to originate home loans directly from its proprietary front-end technology, which reduces friction, enables full transparency, i...
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