In a recent collaboration, TARGOBANK and OLB have initiated a partnership in the area of mortgage financing. Europace, a leading transaction platform for property financing in Germany, is responsible for the technological implementation and process management of this offering. This cooperation aims to digitalise the mortgage financing process from the initial inquiry to the loan conclusion, while simultaneously maintaining personal advice.
For TARGOBANK customers, the process begins online with an initial feasibility indication. Subsequently, interested parties are referred to regional TARGOBANK advisors to ensure individual support. The actual financing agreement is concluded using OLB products. Europace integrates this process into a standardised, digital workflow that encompasses all phases up to the final credit decision.
Process Integration and Scalability
Europace supports the entire process logic, starting from data capture and structured information forwarding, to secure customer integration and handover to personal consultation. This enables a scalable model that efficiently combines TARGOBANK's digital customer acquisition with personal advice and optimally prepares OLB's decision-making processes.
Katharina Wolters, Head of Strategic Programme Residential Property Financing at TARGO Deutschland GmbH, expressed positive views on the cooperation. She emphasised that Europace provides the necessary infrastructure for the quick and reliable implementation of the new mortgage financing route. The aspect of data protection compliance, in particular, was highlighted as highly professional.
Europace's platform architecture allows banks to flexibly link sales and product offerings. Stefan Münter, Co-CEO of Europace AG, underscored that in new cooperation models, not only the product but also the process is crucial. Europace's task is to provide a technical infrastructure that enables banks and sales partners to efficiently implement their strategies in advisory practice, combining digital and personal components with a high degree of process reliability. This collaboration highlights Europace's position as a key infrastructure partner for digital mortgage financing in Germany.
