The Mortgage Factory
Comprehensive platform for mortgage lending:Magellan
Challengers are about to disrupt the Swedish mortgage loan market. We provide the tech platform.
Näktergal. The mortgage factory.
Mortgage loans are too expensive. For too long, four big banks have dominated the Swedish market and now earn record profits. The legislator finally grew tired of this and opened the €310BN market for challengers. These challengers need a technical platform to take on the banks. Our platform. Näktergal Magellan.
Forged in the heat of the blanco loan wars, Magellan allows for automisation the banks can only dream about. Coupled with high usability, Magellan offers mortgage challengers everything needed to quickly attract large volumes of previous bank customers, giving people cheaper mortgage loans and more affordable living.
We like Näktergal both because of its technology and because of the collaborative approach you use to bring it to market. Keep up that great work!
- Aitor Almendros Moreno, Santander Innoventures
Our consumer lending system consists of a Core and a Platform. The Core handles the everyday challenges of lending, while the Platform gives you the chance to try and test new tech.
The Platform offers the latest-and-greatest solutions such as fraud detection and pre-collection AI, as well as tools for visual data analysis.Magellan Core & Platform »
Magellan's My pages offer full functionality on mobiles and can be branded to match your profile.
For nearly 20 years we were CEO, CTO, etc. at Nordic banks. With time it became more and more difficult to match our system with increasing regulation.
We decided to build the system we were missing.About Näktergal
Swedish magazine BreakIT writes about how we challenge the big banks' oligopoly on mortgages.Published AUG/6th/17
Näktergal is one of "Sweden's hottest digital startups" attending Startup-Sweden's acceleratorprogram - a project by Tillväxtverket (The Swedish Agency for Economic and Regional Growth).Published MAY/22nd/17