ANDREA TUCKER
Master investor profile
MortgageMe Brings Digital Disruption to the Bond Application Process
Dayne Stern
The concept of MortgageMe came about nearly five years ago when there was no such thing as a digital mortgage originator . At that time , applying for a mortgage was still a tedious paper and email based process that involved filling out numerous forms with a multitude of complex questions . “ Each of the major banks had their own qualifying criteria comprising up to 200 questions for the applicant to fill out and they would have to repeat this process for each bank . Obviously this was an onerous and complicated process that scared off all but the most patient and detailoriented people , that is why most home buyers , especially first time buyers , traditionally used the services of a third-party Bond Originator Company to apply to the banks on their behalf .”
“ We first had the rough concept for MortgageMe four years ago when we identified a need in the market for a digital solution for bond origination that could replace the outdated paper and email driven application process and sidestep the need for a third-party bond originator to approach the banks on the buyer ’ s behalf . The objective was to empower prospective homebuyers to deal directly with the banks through a simple and streamlined online platform .”
“ Whenever you have a great business idea , you should anticipate that someone else has been working on the same idea for the last six months . There is a significant business advantage if you are first in the market so it is always a race against time .
Company MortgageMe Position Director Family Married with two wonderful children Years the company has operated 2 Age You should never ask a lady that question ! What books are you reading ? Failing to Win by Mike Quinn Life Motto Perseverance is not a long race ; its many short rates one after another Where were you born and raised ? I grew up as a happy farmgirl in the KZN Midlands and went to boarding school for 12 yrs . I studied Business Science at UCT before moving up to Joburg to start my first job in Banking . How do you unwind ? I run everyday to clear my mind . It ' s my quiet “ me ” time when I can destress and process my thoughts .
SA Real Estate Investor Magazine MARCH 2022 5