TORONTO, ONT, November December 2nd, 2024 - Alterna Savings is thrilled to announce their partnership with intellifi, a nesto group subsidiary and, a state-of-the-art loan processing team and technology, to establish a quicker, frictionless mortgage journey for our members and brokers.
Intellifi is a renowned leader in the industry with the most advanced digital end-to-end experience in the market, offering full capacity to support mortgages for Alterna’s members and people who are up for mortgage renewal. The advantages intellifi brings extends to all our financing options including loans, lines of credit and refinancing solutions.
"Overcomplicated mortgage applications have become an industry standard, and that's just not acceptable in 2024. With this partnership, prospective homebuyers, or anyone up for a mortgage renewal can expect a faster, more simplified mortgage experience when they choose Alterna," says Rob Paterson, President & CEO of Alterna Savings.
“By partnering with Alterna, a like-minded, people-first organization, and leveraging the expertise of intellifi combined with nesto’s mortgage cloud technology, we are able to offer their members the benefits of advanced proprietary technology and a team that is relentless in its mission to meet the demand for faster, simpler solutions,” says Malik Yacoubi, Co-founder & CEO of nesto group. “With 20 years of technology expertise and deep industry knowledge, we bring unparalleled support and commitment to excellence in this partnership,” says Tara Somerset VP & Managing Director, Residential Services of intellifi.
Alterna embarked on an extensive search for a top fintech leader in the mortgage origination space, to challenge and transform today’s standard mortgage application process. intellifi stood out as a clear leader that could rapidly adapt with changing technology, keep our members’ needs at the forefront and whose values were aligned with our own. We are committed to delivering a thriving ecosystem of the best credit solutions possible.
Alterna is reshaping the widespread notion that homeownership dreams may be out of reach for some Canadians, particularly millennials, with strong, strategic partnerships and an enduring commitment to anticipate and exceed its members’ needs.
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About Alterna Savings
Alterna Savings and Credit Union Limited (Alterna) has been the good in banking® for over 115 years. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly-owned subsidiary, Alterna Bank.
As the first full-service, member-owned cooperative financial institution outside Quebec, Alterna Savings shares its expertise with over 210,000 members through a network of over 40 branches across Ontario, as well as Contact Centre and digital channels. Members and customers also benefit from an industry-leading online brokerage, and investment management services, and have access to over 43,000 surcharge-free ATMs in North America with THE EXCHANGE Network in Canada and the Allpoint Network in the US.
Alterna Savings & Credit Union Limited operates as Alterna Savings. Alterna Savings is a credit union operating in Ontario. For information on deposit insurance, please ask for a brochure at the credit union or visit the FSRA's website at www.fsrao.ca/.
Media Contact:
Samira Rehman – Director, Communications
Alterna Savings | Alterna Bank
E: samira.rehman@alterna.ca
About intellifi
Intellifi provides mortgage lenders in Canada with leading Commercial and Residential Software and Services. With over 20 years of experience, we are the top-rated service provider in the industry and the most advanced digital end-to-end experience in the market. We are experienced, innovative, and offer tailored and scalable solutions to our clients. We are Lending Solutions Simplified.
About nesto group
nesto Group is Canada’s third-largest non-bank mortgage lender, with over $60 billion in mortgages under administration. Powered by a best-in-class proprietary technology platform, we provide seamless and efficient mortgage solutions and services to residential borrowers, commercial clients, and financial institutions through the nesto Mortgage Cloud and intellifi.
The Group includes nesto, Canada’s leading digital mortgage lender serving the residential market, and CMLS, a leading lender, advisor, asset manager, software and services provider with 50 years of experience. CMLS operates across all commercial and single-family residential real estate markets, supported by the mortgage broker network in Canada. Its products and services are delivered through CMLS Financial, intellifi, and CMLS Asset Management.
nesto Group is on a mission to build Canada’s mortgage ecosystem of the future.