finova welcomes digital lender Molo to its lender panel
finova Payment and Mortgage Services today announces its partnership with digital mortgage lender Molo, further expanding the portfolio of lending products available to finova’s directly authorised (DA) broker club.
Through this partnership, finova’s 450+ brokers will have access to Molo’s diverse range of online mortgage products. The entire process is online and doesn’t require any paperwork or appointments, allowing brokers to process an application in a matter of days rather than weeks. Operating online, and by using automated processes, Molo can deliver decisions that are both faster and transparent, often in less time than high-street banks. The lender can offer a decision in principle in less than two minutes.
In addition, finova’s members will benefit from access to a wide range of products, including buy-to-let mortgages up to 80% LTVs, up to 24-hour turnaround remortgage offers, with flexible two and five-year fixed and variable rates.
Molo joins finova Payment and Mortgage Services’ fast-growing panel of over 80 lenders, offering products from standard mortgages to specialist and niche lending solutions, including residential, buy-to-let, second charge, commercial and development, and equity release.
Sasha Sprake, head of business development at finova Connect, commented: “Customer choice is our foremost priority at finova, and the addition of Molo will ensure our members can offer an efficient and fully digital service to their customers through the finova platform.
“Today, customers are familiar with seamless digital experiences, whether they are paying for a weekly shop or organising their savings. It’s only natural that they would expect the same level of service from a mortgage application.
“We are delighted to be partnering with Molo, whose dedication to the consumer with their fully digital and automated originations process will be a great benefit to our members.”
Peter Charge, head of intermediary sales at Molo, said: “At Molo, we recognise the importance of supporting clubs and networks, and are thrilled to join finova Payment and Mortgage Services’ lender panel to help even more borrowers access our online mortgages.
“As Europe’s only digitally native mortgage partner, it makes sense for us to partner with a tech-first firm like finova, and we’re excited to help its broker network offer their customers a simpler and faster digital mortgage journey.”