BMO's U.S. Residential Mortgage Refinancing Now with Fully Digital Capabilities
BMO will leverage digital mortgage technology provider Blend's mortgage eNotes capabilities and its Close product to allow customers the ability to complete their mortgage refinancing from anywhere at any time.
- BMO will leverage digital mortgage technology provider Blend's mortgage eNotes capabilities and its Close product to allow customers the ability to complete their mortgage refinancing from anywhere at any time.
- BMO is the first bank to offer electronic close on mortgage refinancing in the U.S. with Federal Home Loan Bank of Chicago (FHLBank Chicago), which involves signing mortgage documents digitally.
- Now, to enhance the end-to-end digital experience, BMO customers in certain jurisdictions can review and sign documents to finalize a loan all online.
- This feature also complements a host of digital home lending capabilities and tools focused on helping its customers make real financial progress, including BMO's online loan application and refinancing capabilities, prequalification application, and its mortgage calculator tools .