UOB Launches an App That Matches Property Buyers with Mortgage Bankersby Fintech News Malaysia March 21, 2019
UOB Bank just launched an app that matches prospective property buyers with the bank’s team or mortgage specialists.
Named UOB GetBanker, the app allows a property buyer or agent can search for a mortgage banker based on whether they are looking to purchase a residential or commercial property, the location and the price of the property. The buyer or agent, will then be matched with a mortgage banker on the same day. Once matched they can then rate the banker’s service thereafter and add this banker as a favourite banker for future reference.
Through the UOB GetBanker app, property agents and buyers will have access to more than 290 residential and commercial mortgage specialists across UOB Malaysia’s network nationwide.
The UOB GetBanker app also provide the latest interest rate information for both residential and commercial loans. It also features a loan calculator to help buyers estimate the monthly loan repayments they will have to pay.
Mr. Ronnie Lim, Managing Director and Country Head of Personal Financial Services, UOB Malaysia, said:
“Property agents typically rely on their own contact list of bankers to help property buyers find a mortgage banker.”
“However, these bankers may not always be readily available or familiar with the type of property the buyer wants to purchase. The UOB GetBanker app addresses these issues by referring the prospective buyer to a UOB banker within minutes of generating a search.”
Ronnie elaborates that the GetBanker app’s launch is timely as they expect to see more first-time homebuyers entering the housing market in the next few years, partly due to the introduction of government incentives for first-time homeowners.
“A good supply of homes modestly priced between RM400,000 to RM600,000 will encourage more Malaysians to enter the property market,” he said.
Beyond the average consumer, the UOB GetBanker app will also grant SMEs access to mortgage bankers who would be able to extend financing to SMEs, as well as allow for higher responsiveness.