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The Latest in Mortgage News: First National Teams Up With Newton on Document Sharing

Author: 
Steve Huebl
Publication date:
December 10, 2021
Article Summary: 

First National and Newton Connectivity Systems have joined forces to enhance the document submission process between brokers and lenders. Brokers can now directly submit supporting documentation through Newton's Velocity software to First National's MERLIN broker information system, streamlining document management and reducing admin time. Equitable Bank has expanded its EQB Evolution Suite of prime mortgage products into Quebec. Finally, the Bank of Canada's bi-annual Financial System Review found that low interest rates are causing financial institutions to eye riskier assets to meet profit or return goals.



Keywords: 

First National, Newton Connectivity Systems, document-sharing, brokers, lenders, mortgage, technology, Velocity software, MERLIN broker information system, document management, admin time, mortgage approvals, Equitable Bank, EQB Evolution Suite, Quebec, prime mortgage products, residential properties, investors, rental properties, newcomers, vacation properties, low interest rates, financial institutions, riskier assets, profitability, Bank of Canada, real estate, infrastructure, exposures, risk management.



Source Citation: 
Steve Huebl
The Latest in Mortgage News: First National Teams Up With Newton on Document Sharing
December 10, 2021
https://www.canadianmortgagetrends.com/2021/12/the-latest-in-mortgage-news-first-national-teams-up-with-newton-on-document-sharing/
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