Marble Financial Inc said that Nuborrow Inc, a leading mortgage brokerage services firm, has launched the company's proprietary Marble Connect application programming interface (API) on its platform.
The Vancouver, British Columbia-based company noted that Nuborrow has helped more than 15,000 Canadians who seek competitive mortgage solutions and facilitated over $700 million in mortgage loan transactions since 2013.
With the Marble Connect API, it said NuBorrow expects to perform more accurate assessments on its users based on their credit information and provide them with access to MyMarble's state-of-the-art programs, guidance, and tools to improve their financial health in conjunction with Nuborrow's New Home Equity Loan.
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"We are pleased to announce the launch of Marble Connect on Nuborrow's platform as they were our first partner to integrate the Marble Connect API," Marble's vice president of business and corporate development Doug Tanner said in a statement.
"We look forward to continue working with the Nuborrow team in helping their customers revitalize their financial wellness.”
As a result of the API integration, Marble said it will be able to collect new customer financial data and will be compensated from Nuborrow for each new customer that is provided a premium subscription through the API.
Additionally, it said Marble Connect enables NuBorrow's consumers to access the MyMarble platform, reducing its marketing costs for these consumers, as well as providing the consumer exposure to MyMarble at a key juncture in their financial journey of seeking credit.
Marble expects Nuborrow to add 800 to 1,000 new customers monthly on the MyMarble platform. It said it currently has multiple channel partners that have signed licensing agreements for the Marble Connect API and it anticipates all are on track to go live with the API in 2022.
Marble's proprietary MyMarble platform utilizes the power of machine learning, data science, and artificial intelligence, in leveraging its proven data-driven strategies through technology solutions Connect, Inverite, MyMarble (formerly Score-Up), Fast Track, Maestro and Boost to engage in and navigate a clear path towards financial wellbeing and a meaningful credit score.
Contact the author at stephen.gunnion@proactiveinvestors.com