Online mortgage broker expands to S. Luzon

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    (From left) Arvin Chester Abreu, head of partnerships and Chris Elder, chief executive officer at Nook and Mary Bel Calayan and Francis Albert Florido, president and chief operating officer, respectively, of Calmar Land.

    Nook, the Philippines’ first online mortgage broker, has forged a partnership with Calmar Land, expanding its seamless digital solutions and services to Southern Luzon area.

    With Calmar Land, one of the leading developers based in the Quezon Province, Batangas, and Laguna, Nook is able to tap the Southern Tagalog market and offer seamless and convenient ways to get home loan approvals.

    Under the partnership, Calmar Land gains access to Nook’s partner banks, expanding their banking and loan options for their customers. At the same time, Nook will also assist over 2,000 Calmar Land clients in getting their home loan financing approved fast.

    Despite the economic uncertainty and business challenges brought about by COVID-19, Nook has been growing consistently since its official launch in January of last year.

    Nook continues to see a strong appetite from millennials, which make up 58 percent of Nook’s client base, as well as Gen Xers who account for 39 percent of loan applications coursed through Nook.

    The company observed a marked increase in loan applications from the resale property market towards the end of 2020 and early 2021 as people became more accustomed to the new normal.