BAR HARBOR – Bar Harbor Bank & Trust has announced the launch of Bar Harbor Mortgage, a new, free mobile app for iOS and Android that allows customers to apply for home financing directly from their smartphone.
With the Bar Harbor Mortgage app, potential borrowers can fill out a mortgage application; photocopying and uploading of documents; Receive instant notifications about their loan status and any pending assignments; download loan approval letters; and electronic signature documents. The app features two-factor authentication and data encryption to protect the borrowers’ personal and financial data.
said Jaime Frederis, Senior Vice President, Director of Residential Lending at Bar Harbor Bank & Trust. “Buying a home is one of the biggest investments people make, and it can be overwhelming. Our new app helps relieve some of that stress by giving our borrowers the ease and convenience of applying for and managing mortgage loans from their phone anytime, anywhere” .
The Bar Harbor Mortgage app also provides useful tools for individuals who are in the exploratory phase of real estate financing. The app provides calculators to help users make informed decisions on topics such as whether home ownership is an affordable option based on income and expenses, potential savings, or the cost of mortgage refinancing. There is also an in-app tool that allows users to compare different lending scenarios and different loan programs to help decide which product is most suitable for them.
In addition to the features for borrowers, the Bar Harbor Mortgage app helps simplify the mortgage creation process. Members of the bank’s residential lending team can manage loans, request credit reports, message borrowers, and more right from the app. The app can also be co-branded and shared with real estate agents and other referral partners, giving them their own personalized platform with access to real-time loan updates, payment notifications, mortgage calculators, and easy access to contact information. The convenience of the application and the ability to connect all participants in the mortgage process through a single platform provides efficiencies that will help reduce the time taken to obtain loans.
For more information or to download the Bar Harbor Mortgage app, visit www.barharbor.bank/barharbormortgage.
Bar Harbor Bankshares (NYSE American: BHB) is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Bar Harbor Bank & Trust operates in more than 50 locations across Maine, New Hampshire and Vermont, is headquartered in Bar Harbor, Maine and has more than $3.6 billion in assets. As the leading community bank in Northern New England, Bar Harbor Bank & Trust offers a full range of personal and commercial banking, as well as wealth management services through its Bar Harbor Wealth Management subsidiary. For more information about Bar Harbor Bank & Trust, visit www.barharbor.bank or call 888-853-7100. Member of the Federal Insurance Corporation.