VersaBank Beta-Testing Its New, High Volume Mortgage Finance App to Pre-Approve Buyers Instantly when Shopping for Homes & Co...
2020年2月6日 - 9:30PM
ビジネスワイヤ(英語)
VersaBank announces it is initiating beta-testing on its newly
developed high-volume mortgage software app with the Cortel Group,
one of Canada’s largest home and condominium builders. The app,
named “Direct Connect”, was designed to facilitate and
significantly reduce the lengthy finance approval process typically
experienced by home buyers when visiting home and condo
pre-construction sales offices.
VersaBank’s Direct-Connect is designed to assist builders with
their pre-sales process. Sales offices will be provided with a
device pre-loaded with the Direct-Connect software app and with a
few easy steps, purchasers will know on the spot if they are
pre-approved for financing and for what amount. This is the tool
builders and home buyers have been waiting for to reduce the
lengthy, time-consuming and often frustrating process of getting
approved for financing. This app has the potential to be a game
changer for our industry. The app was designed to transform the
entire sales cycle to be much smoother and more time-efficient for
sales centres and purchasers, making for a more pleasant buying
experience.
Mario Cortellucci, President & CEO of the Cortel Group,
stated: “Innovation is vital to the ever-changing and dynamic
housing and development industry. A key driver for future growth is
the financial sector’s ability to provide consumer-based services
which facilitate financial transactions in a more friendly and
accessible manner. The Cortel Group is a willing partner in the
research and development of new applications which enhance customer
experience.”
David Taylor, President & CEO of VersaBank, stated: “We have
built a very successful and growing business providing our partners
with convenient ‘point-of-sale’ financing for the purchase of a
variety of items and our new Direct-Connect software app will
expand this business to include financing houses and condominiums.
It will simplify the entire sales and finance approval process for
buyers by significantly reducing the friction between the decision
to buy and the time it takes to be approved for financing, while
providing a valuable tool to the sales forces of Canada’s
residential developers. We are proud that the Cortel Group, one of
the country’s largest real estate developers, has a agreed to work
with us on the Beta-testing and we look forward to enabling their
salespeople to be more competitive in their industry, and their
sales centres to be more inviting to home and condo buyers.”
About VersaBank
VersaBank adopted an electronic branchless model in 1993,
becoming the world’s first branchless financial institution. It
holds a Canadian Schedule I chartered bank license and obtains its
deposits, and the majority of its loans and leases, electronically.
VersaBank’s Common Shares trade on the Toronto Stock Exchange under
the symbol VB and its Series 1 Preferred Shares and Series 3
Preferred Shares trade under the symbols VB.PR.A and VB.PR.B,
respectively.
Visit VersaBank’s website at: https://www.versabank.com
About the Cortel Group
Cortel Group is a family-run collective of diverse, dynamic and
successful businesses that build commercial and residential
communities. Current projects include but are not limited to CG
Tower, Oak & Co., and Abeja District.
Visit Cortel’s website at: https://cortelgroup.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200206005267/en/
VersaBank: Investor Relations: Wade MacBain, 800-244-1509,
wadem@versabank.com
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