LOS ALTOS, Calif.--(BUSINESS WIRE)--Box today announced that Guaranteed Rate, one of the ten largest retail mortgage lenders in the nation, is leveraging the Box platform to deliver Transfersafe, a new cloud-based service that simplifies and modernizes the mortgage loan process for homebuyers. Transfersafe allows borrowers and their loan officers to collaborate and share documents in a secure environment powered by Box, dramatically improving the experience of buying and financing a home.
“If there’s any industry ripe for disruption from smart technology, it’s the mortgage industry,” said Martin J. Logan, chief information officer of Guaranteed Rate. “Transfersafe takes some of the calcified, slow processes of getting a mortgage and brings them into the modern age of cloud technology with a simple, intuitive user interface. Where a big bank might need to devote years of their IT resources to develop their own platform, we’ve been able to be more nimble by employing best-of-breed solutions like Box and DocuSign and focusing our development efforts on creating a faster, safer experience for a home buyer.”
Transfersafe uses Box’s Content APIs to allow borrowers to simply and securely sign and upload loan documents and receive immediate feedback from the loan officer through Transfersafe’s comment feature. Using Transfersafe, what once took hours or days via faxing and email exchanges can now be electronically completed in minutes. Additionally, the buyer can see exactly what forms have been received and which still need to be submitted in one central location.
“Guaranteed Rate is applying their deep industry experience and leading the way with new cloud technologies to focus its development efforts on improving the mortgage process,” said Aaron Levie, co-founder and CEO at Box. “By leveraging Box as the platform to power Transfersafe, they are delivering a more connected, streamlined environment to drive business forward and compete more effectively in their market.”
47,000 developers are building services on the Box platform, leveraging the Box Content and Box View APIs. Box’s APIs enable developers and enterprise customers to build powerful applications for the information economy and transform how individuals and organizations create, consume and collaborate on content. Today, more than 240,000 businesses around the world leverage Box to share and collaborate, including global brands like GE, Procter & Gamble, Schneider Electric and Pearson.
About Box
Box's mission is to make businesses of all sizes more productive, competitive, and collaborative by connecting people and their most important information. Content on Box can be securely shared and easily accessed on the web, through iOS, Android and Windows Phone applications, and extended to partner applications, such as Google Apps, NetSuite and Salesforce. Headquartered in Los Altos, CA, Box is privately held and backed by several leading venture capital firms and strategic investors. To learn more about Box, visit www.box.com.
