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Interhyp

Interhyp

Sector Technology
Status Former investment

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Interhyp is a German mortgage broker that has leveraged technology and the Internet to rapidly grow its market share.

The company provides personal advice through more than 150 specialized mortgage consultants, and is able to offer customers access to the most important mortgage lenders, with which the company has negotiated attractive terms. Its highly awarded web site www.interhyp.de is the company’s customer front-end and its main lead generator.

Using its proprietary software, eHYP, Interhyp is able to match the application data from prospective borrowers with the lending guidelines of over 40 lenders and calculate rapidly which type of mortgage best meets customers' individual requirements.

Customers thus receive significantly lower interest rates than those offered by their banks' branch offices, while lenders who collaborate with Interhyp can increase their new mortgage business. It is also fast and efficient: requests for loans submitted by Interhyp have already been checked against the company's credit guidelines and are accompanied by the documents required for the final loan decision.

Interhyp was founded in 1999, and is now the largest mortgage broker in Germany, accounting for 2.5% of all new private mortgage business in a highly fragmented market. In 2005 it closed mortgage deals worth 3 billion Euros.

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