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Online Mortgage Brokerage Platform Launched in PHL

Online Mortgage Brokerage Platform Launched in PHL

Nook Admin – February 28, 2020

ASPIRING homeowners know the struggle of applying for a mortgage. Going to banks with different requirements, interest rates, and a mountain of paperwork — acquiring real estate to call your own is no easy task.

Nook, the Philippines’ first online mortgage brokerage platform, seeks to remedy that.

With the goal of streamlining and simplifying the property loan application process in the country, the platform aims to enable Filipinos to conduct property search, do loan comparisons, and experience a seamless loan application process online.

“Applying for a home loan here in the Philippines can be a tedious and intimidating process. Before prospective clients even begin, they are already overwhelmed with the long list of requirements or the time they need to set aside to accomplish all the application steps,” Chris Elder, chief executive officer of Nook, told the media at a event last month.