Tools offered via Koodoo's new solution can help consumers better understand mortgage payment holidays
Koodoo's new solution was built in collaboration with major lenders, as well as regulators and trade bodies. Currently available via a standalone website, the digital tool gives consumers access to content and FAQs related to mortgage payment holidays, details on their lender's terms, and personalized projections of what their payments would look like during and after the deferment period.
Additionally, consumers are able to apply for payment holidays with their lender via the website. The solution will also soon be integrated with ClearScore, Compare The Market, Confused.com, Tools offered via Koodoo's solution can help consumers better understand mortgage payment holidays — and data suggests that guidance for mortgages is needed.
A number of digital mortgage technology providers are working to help consumers through the coronavirus crisis, and in turn streamline lenders' operations. Mortgage payment holidays have led to an increase in call center volumes for lenders, with Halifax
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
22 banks that may help with your mortgage payments during the COVID-19 outbreak - Business InsiderAre you a homeowner who has been financially affected by COVID-19? These banks offer mortgage payment assistance programs.
Read more »
Facebook launches tool for people to request or offer help to neighbors - Business InsiderFacebook launched a feature that allows people to request or offer help to neighbors — here's how it works
Read more »
Bills due on April 1st add to the financial strains of covid-19Altogether, American households and firms will owe around $125bn on April 1st. How much might go unpaid?
Read more »
OpenTable launches tool to help you avoid long lines at restaurants, grocery storesGrocery stores remain open as essential businesses, while many restaurants have pivoted to pickup and delivery services to stay open while adhering to Centers for Disease Control and Prevention guidelines. To enable social distancing and help customers avoid packed stores, OpenTable launched a new tool
Read more »
Tech incubator inside former US consulate helps cross-border startups - Business InsiderThe Bridge Accelerator Program gives companies along the US-Mexico border the skills to compete for contracts from multinational corporations.
Read more »
Carlyle offering portfolio companies HireVue to help recruitment - Business InsiderCarlyle bought a majority stake in HireVue last year, and is offering the platform to portfolio companies for free during the coronavirus pandemic.
Read more »