MCAP launches first App

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MCAP is using the CAAMP Mortgage Forum to introduce its first-ever app – specifically designed to assist brokers in determining the viability and pricing of their “alternative” deals.   

Eclipse’s DEAL RUN App follows on the heels of the lender’s successful launch of its DEAL RUN Desk last month, offering a live person for brokers to run their “alternative” deals by.
 
The DEAL RUN App uses mobile touchscreen technology to guide brokers through the DEAL RUN "5 on 5" questions quickly and easily, says MCAP.  The App provides the necessary information to the DEAL RUN Desk allowing for quick decisions on whether Eclipse can consider doing the deal.

“It’s fast, focused, mobile and a great compliment to our DEAL RUN desk,” says the lender in a release sent to MortgageBrokerNews.ca.

The DEAL RUN App is available for Blackberry, Apple iPhone/iPad and Android Smartphones. Brokers are able to download the App for free from the DEAL RUN App site (http://dealrunmobile.com/).

MCAP’s Deal Run call centre has been connecting brokers with alternative lending support for more than six weeks now.

“Since full launch on Nov. 1, we’ve seen a 400 per cent increase in calls to our Deal Run desk, with approximately 50 per cent of these calls coming from new brokers,” said Megan McDonald, Director of Business Development for MCAP’s alternative lending arm, Eclipse. “Feedback has been overwhelmingly positive.”

The initiative is meant to answer broker questions and, perhaps, fears about submitting deals they may in the past have referred to Alt A/B specialists. A tighter real estate market has largely removed that option for many brokers, with Deal Run focused on providing them quick, on-the-run guidance.

The help should increase the viability of the applications they submit to MCAP’s Eclipse and ensure they are, in fact, a good fit, said McDonald.

As the name implies, Deal Run allows brokers to phone the Eclipse support desk and run their deals by an expert. In as little as 60 seconds, said McDonald, the broker can find out whether the deal fits within the lender’s guidelines.

“Because we often don’t get the right information or we don’t get enough information, we created a tool called Deal Run 5-on-5, utilized by our team to ask the questions that allow us to determine the viability of the deal and pricing for the deal in about a minute,” McDonald told MortgageBrokerNews.ca.   She adds,  “The Deal Run App means that brokers now have our Deal Run service at their fingertips!”

MCAP’s Deal Run call centre has been connecting brokers with alternative lending support for more than six weeks now.

“Since full launch on Nov. 1, we’ve seen a 400 per cent increase in calls to our Deal Run desk, with approximately 50 per cent of these calls coming from new brokers,” said Megan McDonald, director of business development for MCAP and its alternative lending arm, Eclipse. “Feedback has been overwhelming positive.”

The initiative is meant to answer broker questions and, perhaps, fears about submitting deals they may in the past have referred to Alt A/B specialists. A tighter real estate market has largely removed that option for many brokers, with Deal Run focused on providing them quick, on-the-run guidance.

The help should increase the viability of the applications they submit to MCAP’s Eclipse and ensure they are, in fact, a good fit, said McDonald.

As the name applies, Deal Run allows brokers to phone the Eclipse support desk and run their deals by an expert. In as little as 60 seconds, said McDonald, the broker can find out whether the deal fits within the lender’s guidelines.

“Because we often don’t get the right information or we don’t get enough information, we created a tool called Deal Run 5-on-5, utilized by our team to ask the questions that allow us to determine the viability of the deal and pricing for the deal in about a minute,” McDonald told MortgageBrokerNews.ca. “The Deal Run App means that brokers now have our Deal Run service at their fingertips!”
 

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