RiverBank transforms the mortgage lending process with a new digital proposition
Fintech RiverBank has launched a fully digital loan application process for advisors and intermediaries in the professional real estate sector. This so-called funnel is much faster than traditional application processes and offers room for tailor-made solutions.
The funnel process was developed for advisors representing their clients in the professional real estate industry. It can be a (group of) investors, promoters of real estate projects or SMEs owning real estate for their own use or directly for professionals, who are looking for this type of tailor-made financing product.
The highly intuitive and user-friendly process and dashboard allows advisors to apply for loans between EUR 750,000 and EUR 5,000,000 with a maturity of one to seven years in a quick process. Furthermore, it allows applicants to access a wide range of loans in terms of variety, from regular home loans to bridging loans, including renovation and (re)development of properties. The tailored experience supports the business partner every step of the way, allowing the applicant to check their progress and edit each entry before final submission.
Comments by Robin Rinkes, Executive Committee Member and Head of Origination at RiverBank:
“We are excited to launch this digital application process, as we believe we can really help our partners with faster and more personalized funding services. Our mission is to be the digital bank that facilitates the financing of SMEs and real estate professionals. This is exactly what the funnel does.
The launch of this specific proposal is considered innovative in a market segment that still works with traditional systems.
Additionally, RiverBank can provide a much more customized solution to meet rapidly changing customer demands that traditional (banking) systems often struggle to handle. The proposal was launched simultaneously in Belgium, France, Germany, Luxembourg and the Netherlands.
RiverBank is no stranger to this segment of the industry. The company has strong real estate capability and a strong balance sheet. Most of its senior management have decades of industry experience and lead the company by consistently harnessing industry growth. In addition to the digital loan proposition for real estate advisers, RiverBank also offers a tailored term loan product for SMEs, as well as an instant digital loan proposition for small businesses.