Rosbank Dom began to issue e-mortgages at the construction stage through SmartDeal

2023: Start of Electronic Mortgage Release during Construction Phase through SmartDeal

At the end of May 2023, Rosbank Dom began issuing electronic mortgages at the stage of construction of a real estate object. Release takes place with support from [[ДОМ.РФ ДОМ.РФ (formerly the Agency for Housing Mortgage Lending, AHML)|Dom.RF]]. The technical side is carried out by the company "Practice of Success," which announced this on June 8, 2023.

Electronic mortgages have been issued since 2018, but usually the subject of collateral was a finished object. The peculiarity of our e-mortgages is that the object of the pledge can be real estate at the construction stage. Securitization of such mortgages will allow banks, without waiting for the completion of housing construction, to raise capital for the issuance of new mortgage loans, "said Denis Kovalev, director of Rosbank Dom.

Electronic mortgages at the construction stage are a convenient tool for the borrower. The client will not need to perform additional actions after the commissioning of the facility, the Bank will do everything itself. In the case of an electronic mortgage, it is easier to track the return of mortgages to the bank and also in the future, after the full repayment of the loan, it will remove the encumbrance from the property.

Mortgage transactions for the purchase of apartments under construction using an electronic mortgage are scaled throughout. to the country For borrowers, this significantly speeds up and simplifies the processes associated with registration and repayment, and credit banks increases the mortgage portfolio by increasing the potential for securitization. The share of electronic mortgages in issuing new loans in the 1st quarter of 2023 has already exceeded 20%, which is 18% higher than in 2022. As of June 2023, the necessary prerequisites have been created for the active securitization of mortgages with the pledge of rights under equity agreements, "said Svetlana Nekrasova, Managing Director of the ДОМ.РФ.

Recently, among banks, the registration of electronic mortgages at the construction stage has become popular. In less than 2 months, 135 such mortgages have already been released on our platform. We are glad that Rosbank picks up market trends and uses our platform to be trending, "said Ruslan Akhmerov, Product Director of SmartDeal. - It is quite easy to issue an electronic mortgage at the construction stage through SmartDeal, we have specially worked out this option of mortgages for banks. All our clients can use this service, just contact your manager with a request.