Home.RF" will develop the mortgage platform in the project of Marketplace of Bank of Russia

2019

On February 14, 2019 the ДОМ.РФ company reported that it started development of the mortgage platform within the project of Marketplace of the Bank of Russia. Home.RF as uniform institute of development in the housing sphere will act as the operator of the platform. Experience of pilot start of the platform will allow to prepare the offers on regulation change necessary for further development of remote sales of mortgage products to the population.

According to the company, the project of Marketplace represents the system of remote sale financial of products which integrates different market participants: show-windows data (aggregators) showing to consumers information about financial products; electronic platforms to which sellers of financial products and services are connected; the logger of financial transactions (RFT) which is storage system about the concluded bargains in the mode of a single window. Bank Russia provides creation of the regulatory environment for effective and reliable functioning of a system.

Using the mortgage platform people will be able to select far off the apartment, to compare offers of mortgage lending of banks, insurance and estimated companies on uniform criteria and to use their services, to provide necessary information in electronic form and documents in bank, to get approval and to issue a mortgage loan, to pay the state fee, to register the transaction with housing in Rosreestr and to carry out calculations for it.

The platform will allow to increase availability of mortgage products and the financial and non-financial services accompanying them to citizens irrespective of the region of residence; increase the competition among professional participants of the market of mortgage lending, including banks, estimated and insurance companies, depositaries. Also the platform will allow to remove technology and organizational barriers at professional participants of the market to development of digital, high-quality products and services for citizens.

Creation of the platform will allow to bring the market of mortgage lending to the following level due to standardization of processes of crediting and increase in number of participants. Artem Fedorko, deputy CEO of ДОМ.РФ, chairman of the board of ДОМ.РФ Bank

The mortgage is for us a priority product in addition to bank deposits, bonds, including state, shares of mutual funds, policies of the CMTPL. On these products we will accompany pilot projects and to prepare offers on removal of regulatory barriers. Sergey Shvetsov, the First Deputy Chairman of the Bank of Russia