September 1, 2021 (Investorideas.com Newswire) A joint-brand API agreement between Marble Financial and Citadel Mortgages provides a platform for growth for both companies.


Many people stretch their resources to achieve the dream of home ownership. More than half of Canadians, for example, borrow a maximum to buy a home, according to research by the Canada Mortgage and Housing Corporation. However, as people get higher mortgage limits, credit scores can become more difficult.

A new licensing agreement between Marble Financial Inc. (MRBL: CSE; MRBLF: OTC; 2V0: FSE) and Citadel Mortgage aims to help lenders want to improve their credit levels.

The dual-brand API solution provides Citadel customers with an overview of their mortgage acceptance. Customers can use the MyMarble financial season program to improve their financial metrics, earning them the right to have a mortgage for the amount they want in the future. (See Streetwise Reports June 2021 overview in Marble Financial).

When a person is denied a mortgage, Marble CEO and CEO Mike Marrandino told Streetwise, “The next step would be to look deeper into the cause of the denial and then correct the shortcomings. For future lenders. This creates a way forward and again.” it simplifies the application process. For the mortgage broker, connecting clients to our platform strengthens these relationships and improves ROI as more loans are accepted over time. “

As Citadel Mortgages spread across Canada, its CEO Tristan Kirk said “We’ve noticed and heard about our customers’ desire to get more educational products faster to help them get mortgage freedom faster. We’re excited to continue Marble Connect solutions and how our mortgage agents continue to provide the best services and knowledge. it will enable all Canadians to have access to housing. “

Part of Marble’s advantage is access to data that is not always available from banks or the three major credit rating agencies (TransUnion and Equifax in Canada, along with US Experion). In fact, rent is the biggest data point missing from most credit assessments.

“You would think that a stable history of paying rent would be taken into account when making mortgage decisions,” Marrandino said. “However, landlords do not report payment of rent in any way. Credit rating agencies and banks do not have data related to rental history. We can access this data and help them use their own advantage.”

Marrandino pairs the Marble Connect API with an extension cable group. The Citadel will connect to the Marble Connect customer-facing platform while maintaining its brand, look and feel. This gives customers access to tools such as Point Deduction Technology®, ScoreUp, financial portfolio overviews, expert recommendations, habit tracking, and spending trends to improve the overall financial situation. When a person takes out a mortgage, they can use tools like budgeting and cash flow analysis to consolidate their financial situation.

In addition to Marble’s agreement with Citadel, the Inverite subsidiary recently committed to verifying data with PowerSports, one of Canada’s largest alternative financing companies to sell ATVs, snowmobiles, motorcycles, boats and yachts, motorhomes and travel trailers. Using Inverite’s technology, PowerSports achieves fast and secure digital identity information and real-time bank verification. Inverite and Marble obtain data for each transaction, further improving analysis.

Marble is actively growing opportunities in the automotive sector, following the success of the PowerSports commitment. The company is also in talks with health and benefit managers at several large companies.

Marrandino summed up the value of investing in workers’ health: “Research shows that economic stress helps us lose productivity between seven and 10 hours a week. And improve their fitness.”

Further growth is expected as Marble expands to the U.S., starting with its Property Points Deduction Technology, while individuals channel their monthly payments, such as credit card balances, to have the greatest impact on credit scores. “Our technology is agnostic in any country that uses Transunion, Equifax or Experion as a credit agency, but now it’s exclusive to us, it’s a good combination,” Marrandino concluded.

Marble currently has approximately 77 million shares and has fully diluted about 95 million; management, insiders and strategic investors account for about 50%.

Dissemination:

1) Diane Fraser compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor / employee. He or his household members have the values ​​of the following companies mentioned in the article: None. The following companies are paid by him or his family members: None. His company has a financial relationship with the following companies mentioned in this article: None.

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