Case Study: OnlineApplication achieves 7-minute mortgage applications with Salt Edge

Irish firm teams up with Salt Edge to simplify mortgage process

OnlineApplication, an Irish fintech that helps brokers link to financial institutions, faced a traditionally slow, paperwork-heavy mortgage application process that could take weeks. To address this, OnlineApplication partnered with Salt Edge to use Salt Edge’s open banking data aggregation and financial insights solutions.

Salt Edge implemented real-time data aggregation and instant financial-report generation so applicants can upload bank statements in seconds and lenders can verify identity, account details, income and balances instantly. The result: mortgage assessments that once took weeks can now be completed in about 7 minutes, speeding decisions and helping reduce underwriting risk.

OnlineApplication

Karl Deeter

Founder