Canadian Mortgage Fintech Lendesk announces the acquisition of Digital Mortgage Origination Provide Finmo
Lendesk, a Canadian-based mortgage fintech, announced Tuesday that it has acquired the mortgage origination platform Finmo Financial Technologies. According to Lendesk, Finmo helps mortgage professionals provide their clients with a true digital experience.
“Finmo’s proprietary Smart Docs algorithms allow brokers to automatically request documents from their clients as part of an intuitive digital mortgage application process. Then, the platform converts client downloads to PDF, making it easier to view and manage documents for brokers and lenders.
Lendesk explained that Finmo is backed by top brokers in Canada which have provided investment, feedback and support as it has grown. Brokers will continue to support the newly combined platform. Alex Conconi, Founder and CEO of Lendesk, spoke about the acquisition, saying:
“At Lendesk, we have focused on the broker and lender experience – constantly finding new ways to work together more effectively to achieve their common goal of a simplified mortgage process. Now, with this acquisition, we have extended that experience beyond brokers and lenders, to improve the experience of their clients: buyers and owners. Mortgage professionals who work with Lendesk can already find the best deal for their clients with Spotlight, and they can now deliver the best mortgage experience using Finmo’s digital editing platform.
Founded in 2013, Lendesk’s mission is to create stylish products that simplify the mortgage process and help finance the future.