Switzerland-based Valuu, a fully digital mortgage brokerage platform introduced by PostFinance, has revealed that it managed to triple the total volume of mortgages brokered when compared to its first year offering these services.
Valuu’s management stated that they’re planning to further expand their range of services to include even more solutions in 2021.
Valuu offers a Fintech app that lets future or potential homeowners and those who want to refinance a mortgage find appropriate property financing via all-digital platforms.
At first, these services were only offered via a mobile app in German, however, the latest web version and French version were launched just a few months later.
Since it began operations back in January 2019, Valuu has reportedly financed hundreds of millions of francs worth of mortgages with approximately 12,000 users. The company has worked with 29 different lenders who represent more than 100 major Switzerland-based banks, insurance firms and pension funds.
Thomas Jakob, Head of Valuu, remarked:
“We wanted to prove that we could perform well in this very competitive market. By tripling volume and doubling the number of users, we have done even better. More and more people understand the opportunities that the transparent comparison and digital conclusion of a mortgage offer, as well as how much money they can save in the process. The vast majority of users can complete the digital process on their own without any problems. However, if someone would like a more in-depth consultation, because it is their first mortgage for example, they should be able to have one.”
As noted in a recent update from Valuu, compared to the first year of the firm’s operations, it has tripled its brokered mortgage volume and currently has around 13,500 active platform users. The PostFinance division has “proven” that it may have a viable business model in its second financial year. The company notes that the concept of a digital mortgage platform works well and that it has been “very well received.”
Spar + Leihkasse Riggisberg AG (SLR) is now providing “attractive” mortgages on the Valuu brokerage platform. The SLR was established in 1903 and is described as “a traditional and independent regional bank based in Riggisberg in the Canton of Bern.”
As confirmed in the announcement:
“Every day, 18 employees work with great commitment and innovative ideas for their customers. With total assets of around CHF 600 million and a very high level of equity coverage, the SLR has excellent substance.”
The update also mentioned that more Swiss people are “trusting” Valuu for the “right” mortgage. The brokerage platform claims that it’s gaining new lenders who offer their mortgages at “top conditions” for Valuu customers.