Nook expands online mortgage services to Southern Luzon with Calmar Land

IN PHOTO (L-R): Arvin Chester Abreu - Head of Partnerships (Nook),
 Chris Elder - CEO (Nook), Mary Bel Calayan - President (Calmar Land),
Francis Albert Florido - COO (Calmar Land)

Online mortgage broker Nook signs a deal with developer Calmar Land to expand services in South Luzon 

Nook, the Philippines’ first online mortgage broker, has forged a partnership with Calmar Land, expanding its seamless digital solutions and services to the bustling Southern Luzon area. 

Recognizing the Filipinos’ need to explore better ways to apply for a housing loan and pay amortizations online amid the lockdown, Nook has continued to expand its services and partners outside Metro Manila. With Calmar Land, one of the leading developers based in the Quezon Province, Batangas, and Laguna, Nook is able to tap the Southern Tagalog market and offer seamless and convenient ways to get home loan approvals.  

Under the partnership, Calmar Land gains access to Nook’s partner banks, expanding their banking and loan options for their customers. At the same time, Nook will also assist over 2,000 Calmar Land clients in getting their home loan financing approved fast. 

Former HSBC Head of Mortgages Backs Philippines’ First Mortgage Broker, Nook

Former HSBC Head of Mortgages, Steve Martinelli, has backed fintech, Nook, the Philippines’ first mortgage broking firm. He joins other top banking executives along with Australian entrepreneur, Chris Elder, as the group capitalizes on the growing yet underserved markets of South East Asia.

As an emerging market, the Philippines has one of the highest GDP growth rates in the region and strong residential real estate loans growth which makes it the ideal location for the firm to expand from. The fintech has already tapped some of the biggest banks in the country for its lending panel as it moves fast to capture market share and change the way the country applies for home loans.  

According to a survey done by New Perspective Media Group in 2019, property assets remain the top investment choice for most Filipinos who are still considering property as an investment in the country, specifically in locations such as Metro Manila, and outer areas such as Cavite and Laguna.

Housing loans now made seamless and faster for OFWs with Nook, AQWIRE partnership

Overseas Filipino Workers (OFWs) will soon be able to apply for a housing loan and pay amortizations through a seamless online process with online mortgage broker Nook and property development solutions provider AQWIRE. The recent partnership between the fintech and proptech companies aims to pave the way for more housing investments in the Philippines by OFWs.

Under this collaboration, OFWs will be able to obtain and complete a home loan process application and secure a trusted payment process despite being away from the Philippines. Through Nook, OFWs can find the right housing loan and submit documents online for the approval of a major local bank. Upon approval of the housing loan, settlements to the bank can be coursed through AQWIRE’s platform.  

Online mortgage broker Nook champions financial inclusion for home loan applications, encourages Filipinos to adapt to new online platforms

Online mortgage broker Nook is driving for a more inclusive banking and loaning system in the Philippines as it strengthens its partnership with local banks and provides Filipinos with more home loan options across its online platform. By being a part of Nook’s growing list of partners, these banks also open more opportunities to reach their market in all parts of the country.

Despite various initiatives of both the private and public sectors in bridging the gap between financial institutions and the unbanked Filipinos, a huge number of the total population of the Philippines still remains bereft of securing, applying for property and commercial loans.

As the first online mortgage broker in the country, Nook aims to provide easy application access to many Filipinos without any charges and help a borrower save thousands in home loan repayments. With its partnership with PH banks, more Filipinos will have access to easier home loan processes that would allow them to secure their dream properties in no time.

Today, every Filipino around the country who has access to the internet can now easily adopt online systems and perform convenient digital transactions. Nook encourages people to utilize such platforms to avoid having the need to go out, visit banks, and procure options from various institutions.

“Our continuous search for more bank partners is a testament to our commitment to push for a more inclusive banking and loan environment in order to help Filipinos to get to their properties faster. Especially during this time, we aim to bridge our customers to their banks of choice at the comfort and safety of their homes,” Chris Elder, Chief Executive Officer of Nook, said. “We are excited to add more banks to our list of partners as we continue to expand and understand the Filipino market.”

Millennials poised to drive the Philippine home loan market ⁠—Nook

Millennials emerged as the fastest-growing generation to contribute to the growth of the home loan landscape in the country, according to PH’s first online mortgage brokering platform, Nook. As the platform disrupts the home loan process in the Philippines, millennials are seen to lead the industry as they express keen interest to invest in real estate properties.

The millennials or Generation Y are often lumped into somewhat narrow categories of traits and characteristics and are stigmatized for being self-absorbed and narcissistic according to a research article by Grubbs et al in 2019. While millennials are seen to prioritize other leisure activities, data shows that millennials, in fact, are generally good financial planners. Based on an article by Forbes in 2019, millennials are taking advantage of finding new alternative investments and securing stability to settle down for their future. The millennial generation is both captive to and captivated by growing their money over time, investing in various social and environmental causes.