RIZAL Commercial Banking Corp. (RCBC) announced it has partnered with Nook Inc., an online mortgage broker platform, to ease the process of home loan application.
“Through this partnership, Nook acts as an intermediary between borrowers and the bank, allowing Filipinos to choose and evaluate their options carefully,” a statement from RCBC said. “In turn, the universal bank will process and evaluate applications coursed through Nook.”
“We look forward to bringing this convenient banking solution to our clients that will help fast track their dream of buying a home,” RCBC Consumer Lending Group Head Rommel S. Latinazo was quoted in the statement as saying.
Nook is an online platform that offers clients an end-to-end home purchase process, from choosing a home to approval of a loan. It guides the users through the application process where prequalification can be completed within a few minutes.
The platform facilitates submission of required documents online, significantly shortening the loan application process.
“We understand RCBC’s loan requirements,” Nook CEO Chris Elder said. “With our technology and team of Nook home loan consultants, we can help clients secure a housing loan quickly without ever leaving their home and with free assistance the entire way through to loan completion.”
RCBC is one of the eight banks utilizing this platform.