BAR HARBOR – Bar Harbor Bank & Trust has announced the launch of Bar Harbor Mortgage, a new free app for iOS and Android mobile devices that allows customers to apply for mortgage financing directly from their smartphone.
Using the Bar Harbor Mortgage app, potential borrowers can complete a mortgage application; photograph and upload documents; receive push notifications about their loan status and any ongoing tasks; upload loan approval letters; and electronic signature of documents. The app offers two-factor authentication and data encryption to protect borrowers’ personal and financial data.
“We are committed to providing our customers with the latest digital tools to make their lives easier, and the new Bar Harbor Mortgage app delivers on that commitment,” said Jaime Frederes, senior vice president, head 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 alleviate some of that stress by giving our borrowers the ease and convenience of applying and manage their mortgages from their phone, anytime and anywhere.
The Bar Harbor Mortgage app also offers useful tools for people who are in the exploratory phase of home financing. The app provides calculators to help users make informed decisions on topics such as homeownership is an affordable option based on income and expenses or possible savings or cost of refinancing your mortgage . There is also a tool in the app that allows users to compare different loan scenarios and various loan programs to help determine which product would be best for them.
In addition to features for borrowers, the Bar Harbor Mortgage app helps streamline the mortgage origination process. Members of the Bank’s Residential Lending team can manage loans, order 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 and push notifications, mortgage calculators and easy access to contact information. The convenience of the app and the ability to connect everyone involved in the mortgage process through a single platform creates efficiencies that will help reduce loan turnaround time.
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. Operating more than 50 locations in Maine, New Hampshire and Vermont, Bar Harbor Bank & Trust is headquartered in Bar Harbor, Maine and has over $3.6 billion in assets. As northern New England’s leading community bank, Bar Harbor Bank & Trust offers a full range of personal and business banking services, as well as wealth management services through its Bar Harbor Wealth subsidiary. Management. For more information about Bar Harbor Bank & Trust, visit www.barharbor.bank or call 888-853-7100. FDIC member.