Biess will improve mortgage loans
The Bank of the Ecuadorian Institute of Social Security (Biess) has about 10,000 processes of mortgage loans from 2013 and other 3 000 in process. The amount subtracts liquidity to the construction sector, whose representatives expressed their unpleasantness to the government.
For a mortgage, affiliates must wait an average of six months, while in the private banking, the process takes just two months, according to internal reports of the entity.
Despite this situation and to shorten the scheme, the Government proposed to involve the affiliate and that the disbursement is made before the end of the process. ‘The Biess today makes all the paperwork (mortgages, with lawyers , etc..). Such procedures will be in the hands of the user and not of the Biess that should never have them,’ said President Rafael Correa.
The Bank of Biess asked the Government to prepare a guide to follow in order to involve the member in the process.
In addition, the Biess consulted the Superintendency of Banks requesting permission to make changes. This was reported by Omar Serrano, who represents he members of the Bank of Biess .
To Connect the affiliate with the investment process involves technological improvements, so that the user can upload the requested documents during the process.
According to Mauricio Cattani, Director of the real estate sector of the Chamber of Construction Industry, the proposal of the construction sector is that real state companies register with Biess in order to take care of the paperwork. But the subject of debate within the organization is how to ensure the disbursement of the bank without having completed the process.