Fintech Lender Milo Announces New Brokerage Division to Close Loan Gap for Foreign Nationals
MIAMI, Aug. 31, 2021 / PRNewswire / – Milo, a venture-backed fintech that provides direct mortgage solutions to foreign nationals, has announced a new brokerage channel for wholesale mortgage partners across the United States .
Our goal is to give mortgage brokers, especially those who serve foreign nationals, a dedicated foreign lender that empowers them to say yes
With a comprehensive online lending solution, Milo brings over 50 years of experience processing mortgages and loans to non-US citizens. The Milo loan process is completely transparent and requires much less documentation than a conventional mortgage. New buy, refinance, and withdrawal loan options are all available to foreign domestic investors with competitive rates that rival those of a traditional bank.
As a direct lender, Milo is able to provide quick closings backed by reliable capital. For mortgage brokers, this specific solution has been difficult for clients to obtain mainly due to the limitations of paperwork. Typical hard money lending choices often result in much higher interest rates, but Milo is able to provide direct lending flexibility at bank rates, backed by an experienced team that specializes in home loans for clients. international buyers.
“Milo was created to meet a need that arose in a very personal space,” said Josip Rupena, CEO of Milo. “Traditionally, foreign nationals have not been able to access mortgage offers due to constraints in line with the requirements of US borrowers. We provide a one-stop loan solution and remove the barriers that typically force non-US citizens to pay cash or accept high interest rates. “
Through the new brokerage channel, Milo’s wholesale mortgage partners will be able to provide online lending solutions to their international clients, allowing them to take out a loan without having to be in the United States, offering the level of customer service expected in today’s competitive climate.
“Our goal is to give mortgage brokers, especially those who serve foreign nationals, a dedicated foreign lender that empowers them to say yes,” Rupena added. “Thanks to this collaboration, wholesale mortgage partners will be able to conclude real estate loans in a few weeks, instead of a few months, supported by a team of professionals who know their customers well. “
Milo is currently seeking partnerships with mortgage brokers who serve foreign nationals and international borrowers. For more information or to complete a partnership request, visit www.milocredit.com/broker.
Milo is a financial technology company that is reinventing the way consumers around the world access financial solutions to “Unlock what’s possible” in a world without borders. By building a proprietary technology stack from scratch and employing a world-class team, the company has provided foreign nationals with access to millions of dollars in home loans in the United States. Milo is passionate about the digital transformation of financial services, solving real problems and having a meaningful impact on people’s lives. For more information, visit www.milocredit.com or email [email protected]
View original content to download multimedia: https://www.prnewswire.com/news-releases/fintech-lender-milo-announces-new-broker-division-to-bridge-the-lending-gap-for-foreign -nationals -301366114.html
SOURCE Milo Credit