Fintech to offer green mortgages too
Fintech company Scroll Finance has launched its new home equity loan and home equity line of credit products on Mambu’s cloud banking platform.
Scroll enables UK homeowners to unlock equity in their homes for use cases including home improvement, “green” upgrades, buying a holiday home, debt consolidation, and deposit for property purchases.
With rising demand for sustainable finance, Scroll also plans to offer green solutions which help make UK homes more energy efficient.
Founded by engineers in 2021, Scroll aims to bring the flexibility, speed, and the convenience of an unsecured lending application experience to homeowner financing. Its solution also promises to process applications from initial enquiry to completion in just a few days. Customers can borrow between £25,000 and £1 million, up to an 80% loan to value ratio.
“We want to be in charge of building a great lending experience for our customers and a key component of that is having full control over the entire lifecycle of a loan, from initial enquiry to pay out, to servicing and collections,” Ashish Kashyap, chief executive officer and co-founder of Scroll Finance, said.
“Coupled to this desire of control, is a requirement to develop in a fast, flexible way to adapt to our unique take on global home financing solutions. This is exactly what Mambu offers,” he added.
Building on Mambu’s composable technology foundation gives Scroll Finance the flexibility and control to choose from ‘best-of-breed’ components, it was suggested.
This enables the fintech to deliver customer experiences with no vendor lock-in and wholesale re-platforming. Mambu’s cloud native architecture also ensures an intuitive and responsive journey for Scroll’s customers and brokers.
“Working with Scroll Finance is a testament to the flexibility and capabilities of our cloud banking platform. We are looking forward to continuing our partnership with Scroll to scale and expand their products and services,” Richard Morgans, general manager at Mambu UK and Ireland, said.
