Report of "Azerbaijan Mortgage Fund" Open Joint Stock Company for the press

Press service of “Azerbaijan Mortgage Fund” Open Joint Stock Company (OJSC) informs that integration process has already been completed with Electron Government Portal. Since August 01, 2017 Electron Mortgage System will be delivered for complete use of people in a real time mode of Electron Government Portal. So, as from now, anyone who intends to get mortgage loan issued by “Azerbaijan Mortgage Fund” Open Joint Stock Company should apply online for getting mortgage loan in a relevant manner entering into “Electron Government Portal” (www.e-gov.az) directly via internet. While being registered, an applicant should obtain electron signature token (www.e-imza.az) and or ASAN signature (www.asanimza.az).

Please note that, “Electron mortgage” system (EMS) has been established referencing upon the commissions of the President of the Republic of Azerbaijan relating implementation of electron services in the country and protection of consumers rights, as well as in order to provide execution of item 4 of the Order No.940 of June 22, 2016 on “Some issues of mortgage lending in the Republic of Azerbaijan”. Legal, organizational and technical principles of organization of operation of the system are defined by Regulations on “Electron mortgage” system approved by the Order No.1126 of the President of the Republic of Azerbaijan dated November 24, 2016 and organization of its operation, management and development is provided by “Azerbaijan Mortgage Fund” Open Joint Stock Company as an operator of electron system.

Implementation of EMS will serve simplification of access to mortgage loan, provision of equal condition for those who intend to get mortgage loan, also provision of transparency and operativeness in dealing with the applications, as well as increase of quality and efficiency of provided services and time and costs saving by obtaining the required documents in real time taking advantage of information-communication technologies.