BAR HARBOR — Bar Harbor Bank & Trust announced the launch of Bar Harbor Mortgage, a new and free app for iOS and Android mobile devices that makes it possible for customers to apply for home financing directly from their smartphones.
Using the Bar Harbor Mortgage app, prospective borrowers can fill out a mortgage application; photograph and upload documents; receive push notifications about the status of their loan and any outstanding tasks; download loan approval letters; and e-sign documents. The app features 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 help make their lives easier, and the new Bar Harbor Mortgage app delivers on that commitment,” said Jaime Frederes, senior vice president, director of residential lending at Bar Harbor Bank & Trust. “Buying a home is one of the biggest investment people make, and that can be overwhelming. Our new app helps to alleviate some of that stress by giving our borrowers the ease and convenience of applying for and managing their mortgage loans from their phones, anytime and anywhere.”
The Bar Harbor Mortgage app also offers helpful tools for individuals who are in the exploratory phase of home financing. The app provides calculators to help users make informed decisions on topics such as whether homeownership is an affordable option based on income and expenses or the possible savings or cost of refinancing your mortgage. There is also a tool within the app that lets users compare different lending scenarios and various loan programs to help determine which product would be the best fit for them.
In addition to the 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 notification, mortgage calculators, and easy access to contact information. The convenience of the app and the ability to connect everyone involved in the mortgage process via a single platform creates efficiencies that will help decrease the turn-around time for 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. Operating over 50 locations across Maine, New Hampshire and Vermont, Bar Harbor Bank & Trust is headquartered in Bar Harbor, Maine and has more than $3.6 billion in assets. As a leading Northern New England community bank, Bar Harbor Bank & Trust offers a full range of personal and business banking services, as well as wealth management services through its subsidiary Bar Harbor Wealth Management. For more information about Bar Harbor Bank & Trust, visit www.barharbor.bank or call 888-853-7100. Member FDIC.