"This will separate our brokers from the industry pack," says CEO
M3 Financial Group has entered into a strategic partnership with fintech FundMore as it seeks to improve its mortgage approval process for brokers, borrowers, and lenders.
The partnership integrates FundMore’s end-to-end loan origination platform with M3’s current systems to decrease incidents of fraud and improve lending options for borrowers.
The goal, according to a statement from FundMore, is to advance the broker and customer experience through the elimination of manual procedures, thus reducing the amount of time needed to collect and review documents.
The FundMore platform will also increase security with SOC 2 Type 2 certification, as well as mitigate lengthy funding times through AI-driven technology.
“The partnership with FundMore accelerates our focus on bringing unparalleled value to our broker and lender partners,” said M3 chairman and CEO Luc Bernard. “We believe this will separate our brokers from the industry pack. Brokers and lenders across our ecosystem will now benefit from FundMore’s innovative platform which will make us more efficient, reduce document collection time, and dramatically improve funding times for borrowers. Simply put, FundMore will enable our network to work faster, smarter, and more securely. We’re excited by FundMore’s deep talent, innovative technology, and vision to move our industry forward.”
“FundMore and M3 share the vision that a data-informed consumer experience is the future of the global mortgage market,” said Chris Grimes, FundMore CEO. “The timeframe from application to funding is now a few days, rather than weeks and months. Our software will enable that throughout the M3 network. Our new partners are leaders in customer-centric and technology-supported lending, and we couldn’t be more excited about this true Canada-first partnership.”
M3 Financial Group is one of Canada’s largest loan originators, counting Multi-Prêts Hypothèques, Mortgage Alliance, Invis, Mortgage Intelligence, and Verico as its subsidiaries.
FundMore, meanwhile, specializes in AI-assisted lending platforms. It was one of 28 companies to win the 5-Star Mortgage Employers 2022 award from Canadian Mortgage Professional.