Molo is not focused on a marginal improvement of the mortgage process, but instead on the complete redesign of it. Molo allows people to get a mortgage online, significantly decreases the time needed, and makes the whole process easier.
Molo enables consumers to get instant mortgage loan approvals online, avoiding paper forms, manual reviews, large banks, brokers, and traditional mortgage lenders.
We’ve got to transform the developments Molo had into a full-fledged MVP — and we did that in 8 months. After MVP was built and brought Molo investments, we focused on becoming the #1 on the UK’s digital mortgage market.
We’ve established a collaboration that allows us to move and create features rapidly, and built an advanced web platform to get mortgages fast and easily.
Self-written Molo mortgage calculator that provides consumers with the approximate result of the possible offers based on internal calculations and the personal data provided by a user.
Molo allows you to enter the data (like property price, rental income, are you buying or doing remortgage) on the mortgage page, and get several products differentiated by interest rate, different fees, repayment amount right away.
When the mortgage business grows, there always a need for more and more underwriters to handle the number of requests, which leads to expenses growth.
We’ve created property and credit valuation tools that allow Molo to scale easier and mitigate the risk of significant valuation stage costs growth.
Credit history valuation is one of the things that make the process of getting a mortgage longer.
We integrated Molo with Open Banking and Experian, so underwriters get access to user’s banking operations and can do the valuation way faster and easier.
It shouldn’t be time-consuming to verify personality, and we ensured Molo has the technology that significantly reduces the time needed.
It’s enough to take passport picture and selfie to help ID verification mechanism make sure that you are actually you.
There are certain kinds of UK-specific regulations related to mortgages — let’s say, you have a property with a thatched roof, so the offer you will receive also states you’ve got to get an Energy Performance certificate.
We implemented a legal maintenance tool that allows automating the process and save underwriters’ time and efforts.
Personalization is the key in the digital business of 21st century, especially when it comes to financial industry.
Molo provides users with custom relevant and affordable products based on data (like income and property price) they entered.
You can get a buy-to-let mortgage even not leaving your house — all the data providing, validation, property valuation, ID and KYC verification processes are done digitally. And, on the top of that, users get the offers online too.
When working on Molo platform, we do not limit ourselves to developing features or consulting — we worked on architecture, integrations, business logic, and always stayed for close collaboration between teams.
And that’s the way market-leading products are created.