TORONTO, ONTARIO (February 11, 2020) – Canadian Mortgages Inc. (CMI) announced today an exciting partnership with Newton Connectivity Systems, which will enable affiliated mortgage brokers to cut their deal processing time in half.
As one of Canada’s leading private lenders, CMI is dedicated to driving innovation in the mortgage lending industry by continuously investing in technology solutions. This made the integration with Newton’s Link Lender and Velocity systems a natural fit.
Brokers can expect a seamless, streamlined and expedited process when utilizing Newton’s platform to access CMI’s mortgage funding. This system will deliver credit applications and supporting documents submitted by brokers via any compatible submission platform while also managing documents, keeping track of “to do” lists and retaining a history of all correspondences and actions.
“The mortgage application process has traditionally been a paper-based, task heavy endeavor involving multiple manual document submissions, phone calls, and emails. We saw a real opportunity to make a faster, more efficient method accessible to a wider net of mortgage brokers.” said Blue McClellan, Chief Technology Officer.
“These digital platforms minimize manual processes with instant application and document submission upfront. This reduces the amount of time needed by our team to review, underwrite and fund mortgages because it’s all in one system. Faster processing time for us means better service for our broker partners and their clients.”
Brokers can continue to use CMI’s proprietary online mortgage submission portal to process their deals if they choose. This in-house system will continue to offer the leading-edge online solutions it always has, and upcoming updates will only enhance this service offering for brokers. Mortgage brokers looking for more information on the Newton integration can contact their local Business Relationship Manager (BRM) at 1-866-243-2207. Alternatively, you can visit us online at canadianlending.ca/brokers. You can find out more information about Newton by visiting their website at newton.ca.
Newton’s complete range of products and services are designed to automate the entire mortgage approval, underwriting and funding process by providing instant insight into the entire business.
Founded in 2005, Canadian Mortgages Inc. (CMI), part of the CMI Group of Companies, has a long-standing reputation as a leader in the private lending and mortgage industry. Highly regarded in the industry for their transparency and professionalism, CMI has earned the trust of customers, brokers and investors alike by always treating them with the utmost care and respect.