The buildup has been dramatic. The need in the industry is palpable. And now, at long last, Lendesk is releasing our first publicly available product, Level, for the use of Canadian mortgage brokers.
Level, our first broker-facing product, is the only product in the Canadian market that can automate the tedious collection of a borrower’s’ bank statements.
How Does it Work?
The process is dead simple. Brokers use the app to send a request to a borrower for documentation. The app, available on iOS and Android, guides the borrower client, and their statements, right to the Broker’s inbox. Brokers can then save and access the info through email, Google Drive, Dropbox, and more.
In Canada, brokers have to verify many, if not all of a borrower’s accounts, going back 3 months, with specific and detailed information that can be different across financial institutions and accounts.
The First of Many Products
“This is the tip of the iceberg,” says Lendesk CEO Alex Conconi. “With the feedback we’ve received from brokers and lenders, this is one way we can have an immediate impact by automating a real bottleneck in the mortgage process. They’ve waited long enough.” Level is free for a limited time, and feedback from brokers is encouraged.
Level is available now at getlevel.ca.