[Toronto, CANADA] Basis100, an
e-commerce technology provider for the financial services industry, has
signed a servicing agreement with TD
Bank Financial Group to supply TD with mortgage origination
technology.
The Basis100-powered solution allows TD to interact directly with
consumers through a growing number of Internet portals.
“With 2.7 million online customer accounts worldwide, TD is currently
positioned at the forefront of the global online financial services
arena,” said Chuck Hounsell, senior vice president, e-Bank Canada, TD
Bank Financial Group.
“An increasing number of mortgages are beginning on the Internet.
Basis100’s technology platform enables us to extend our market reach.
It supports the steps involved in securing a mortgage from
application through to facilitating adjudication by the lender in
question.”
Basis100’s mortgage software uses OME Technology, and provides many
lending institutions with Web-based pre-qualification, and
application submission capabilities.
The combination of technology and business application software
allows consumers to input a mortgage application online, view the
different options available to them, and then apply directly to the
financial institution of their choice.
The new TD service can be accessed through several consumer portals
such as E*TRADE Canada and
Canada’s largest multi-lender mortgage Web site theMortgage.com.
In Canada and abroad TD Bank Financial Group serves approximately 13
million customers in five key areas: personal banking, commercial
banking, wealth management, discount brokerage services, and
investment banking.
It ranks among the top three financial services firms in the world as
measured by online accounts.
