Mortgage Loan Process

The vision of digital end-to-end rental is becoming real.

What can creditors do to help cut down on loan handling, cost and time? With what kind of process and techniques should creditors begin? Are there any new developments in the entire credit process? Digitally capturing and manipulating documentation will help streamline the credit process that is currently caught in the backroom. Progress in digitized credit enabling now allows easy credit operations to be concluded in just a few moments, but for many kinds of backed loan with more than one loan documentation, credit approvals and financing take several days or even even months.

Choosing and deploying the right workflow-driven e-recording and ECM solutions will allow banks to reduce turnaround times, reduce regulatory risk, and beat the competition from Finnish and industry companies. It analyses the needs of the markets, businesses and customers for credit conversion, the need for capturing and managing documents digitally, and the unique capturing, managing and filing techniques available for both front and back offices.

The creation of an integrated electronic mortgage credit process is feasible within the next five years. Continuous technological innovations - in the areas of warehousing, big datamanagement, web ser-vices, document-digitisation, cloud-computing, and mobility - now provide all the IT components required to enable the integration of central information handling solutions with electronic documentation and case supervision for mortgage collection, insurance writing, closure, onboarding, and service.

Befor you start applying

Your brokers will propose the loan that best fits your needs and that can be provided by a different creditor than Clearly Loans. As soon as the credit intermediary has recieved your request, he will probably call you to go through some fundamental detail with you. Your credit adviser should then be able to provide you with an estimate and provide you with detailed information on the credit conditions we are offering.

If you send the package back, the agent checks that you have provided all the information you asked for. Once the rating is satisfied, the brokers forward the package to the Clearly Loans endorsement group. Our endorsement staff will review the claim and may ask the agent to provide you with further information.

Eventually we call you to go through the loan detail. Once you have successfully completed all our drawing tests, we will make you a firm quotation. If you wish, you can cancel the bid at any point before we pay the loan. However, you have the right to pay back the mortgage.

Further information on the loan process or application can be found here.