March 6, 2019
M3 Welcomes Equitable Bank to the M3 Tech Marketplace
New partnership utilizes technology and innovation to reimagine the broker/lender relationship
Canada's undisputed #1 originator welcomes its newest member, Equitable Bank, to the M3 Tech marketplace. As part of the new partnership, M3 brokers will now be able to submit applications directly to Equitable Bank via M3's best-in-class proprietary broker platform, MortgageBOSS.
Building Today's Marketplace for Tomorrow
Equitable Bank now joins a robust pool of MortgageBOSS direct lenders that includes Merix, Lendwise, NPX, First National, and follows the recent "game changing" announcement on M3's partnership with National Bank of Canada (NBC) to do business with brokers directly in a new way via NBC's SAP Credit Adjudication system.
"Utilizing technology and innovation to reimagine the broker/lender relationship remains the number one focus for M3," said Andre Boisvert, Chief Technology Officer, M3. "The direct to lender connectivity model is yet again another example of how M3 Tech's Marketplace is simplifying the home buying process for lenders, brokers and the buyers they serve."
The recent partnerships are a further testament to the mortgage originator's vision to leverage the organization's unique assets such as scale, reach, innovation and technology to build a broker network that prospers in today's highly competitive ecosystem.
"Collaborating with our partners to enhance the broker and customer experience is always a top focus," says Brian Leland, SVP Residential Lending at Equitable Bank. "We are pleased to have built on our long-standing relationship with the M3 Group by leveraging innovation and technology to further enhance service delivery to home buyers and mortgage customers."
Breaking New Ground for the Future
The development of MortgageBOSS Connect (now in full swing) aims to elevate the broker/lender relationship model by providing users the foundational breadth to seamlessly integrate and connect to a multitude of 3rd party suppliers in minutes.
"Our focus is always on driving useful and relevant experiences to help our brokers with what they need to do and that means continually evolving as an organization to find new innovative ways to simplify and streamline the home buying process," said Karl Sutton, Vice President, M3 Tech.
M3's MortgageBOSS Connect will begin rolling out to the M3 brands and the platform's 4500+ active users in 2019, allowing brokers to submit completed applications along with supporting information and documentation directly to participating lenders directly from the platform.
The M3 Group is the #1 non-bank mortgage originator and undisputed leader in mortgage brokerage across Canada. With more than 6000 brokers and $44 billion in annual loan volumes, the broker-led, technology driven, consumer obsessed group and its family of brands, Multi-Prêts Mortgages, Mortgage Alliance, Invis, Mortgage Intelligence, Verico, Simplinsur, M3 MortgageBOSS 5.0 and the new division M3 Tech have a single mission to expand the organization's market-leading position by making brokers more competitive through technology and innovation.