(via TheNewswire)
Vancouver, B.C. - TheNewswire - July 15, 2020 - Marble Financial Inc. (CSE:MRBL) (CNSX:MRBL.CN)(OTC:MRBLF) ("Marble" or the "Company") a financial technology company that empowers Canadians' toward a positive financial future, is pleased to announce a marketing partnership program with Burke Financial, in offering Marble's advanced credit rebuilding software, Score-Up to its Home Equity Loan Products.
Marble, a leader in financial technology solutions, together with Burke Financial, a leader in the sub-prime brokering space are partnering to empower Canadians that don't fit the traditional lending guidelines, including clients with bruised credit, limited or no income, clients behind on bills, or those who are self-employed.
Marble's introduction of Score-Up to Burke Financials' team of top experts within the home equity industry will now empower consumers to get even the toughest deals approved. Burke Financials' vast knowledge of the industry alongside Score-Up's robust AI-driven credit building software will further empower their clients to the best interest rates possible and the perfect mortgage solution to meet their unique lending needs.
June 2020 saw a resurgence for the importance of credit scores with The Canadian Mortgage and Housing Corporation (CMHC) announcing changes to its coverage criteria for insured mortgages. This announcement included a minimum 680 credit score requirement, which is significantly higher than the previous score of 620. This has presented a unique and fantastic growth opportunity for Score-Up to be strategically placed inside Burke Financials' lending products to meet the minimum threshold required by the CMHC and become empowered to qualify for lower-interest lending products in the future.
With this new partnership, Marble will now be able to consistently add new Score-Up users in tandem with the continued growth of Burke Financial. This will be achieved by integrating Score-Up's revolutionary credit score improvement recommendations, credit monitoring, coaching and budgeting technology within Burke Financials' vast amount of alternative lending options.
Not only will this provide a real-time solution, the inclusion of Marble's Score-Up products to Burke Financial, will also enable Canadians to positively impact their credit standing and present additional opportunities to qualify for other Burke products in the future.
"We are extremely excited to begin our new partnership with Marble Financial, as their products add immense value to our clients," says John Burke, CEO at Burke Financial. "Score Up pairs perfectly with the type lending solutions we offer, to not only help our clients short-term, but long-term as well. The pairing of our products gives our clients the tools they need to achieve strong financial health."
"Our new partnership with Burke Financial is an exciting one that further establishes Score-Up within the Mortgage financing space," says Karim Nanji, CEO at Marble. "Burke Financial is one of the largest mortgage brokers, and debt restructuring companies in Ontario, and the strategic nature of this partnership is something that truly benefits both ends of the spectrum. The tougher lending requirements as a result of COVID-19 are often seen negatively, but it has awakened the sleeping giant that is a strong credit score."
ON BEHALF OF THE BOARD OF DIRECTORS,
Karim Nanji, CEO
About Burke Financial
Burke Financial is a leader in the sub-prime mortgage brokering space and one of the top-rated Brokerages in Ontario. Burke Financial specializes in helping homeowners who do not fit the traditional borrowing guidelines get the financing they need. By putting the experience of our clients first, we have quickly grown to one of the largest sub-prime brokerages in Ontario.
Learn more at https://www.burkefinancial.ca/
About Marble Financial Inc. (CSE: MRBL; OTCQB: MRBLF)
Marble leverages its proven data-driven strategies utilizing the power of machine learning, data science, and artificial intelligence, through its industry-leading proprietary technology solutions Fast-Track, Score-Up, and Credit-Meds to engage in and navigate a clear path for Canadians towards financial wellbeing and a meaningful credit score. Since 2016, Marble is proud to have empowered thousands of marginalized Canadians to a positive financial future, and we continue to establish ourselves as leaders in financial wellness through the licensing of our proprietary products on the Marble Platform.
Learn more at https://mymarble.ca/
Mike Marrandino, Executive Chairman
T:(855) 661-2390 ext. 104
Email: ir@marblefinancial.ca
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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