Information of Azerbaijan Mortgage Fund regarding the application of Electronic Mortgage Portal

Information of Azerbaijan Mortgage Fund regarding the application of Electronic Mortgage Portal/ 2015.01.29

       Azerbaijan Mortgage Fund under the Central Bank of the Republic of Azerbaijan accomplishes appropriate actions consistent for realization of wide application of information technologies in order to develop of mortgage crediting mechanism according to international standards, improve the quality of service to the population and protection of consumer rights.

         Note that, Azerbaijan Mortgage Fund has completed successfully of the “Electron Mortgage System’s” (EMS) and the systems were put into participants of mortgage markets.  The implementation of the system allows the implementation of all technical procedures to participants of mortgage market- Authorized Credit Organizations (ACO), insurance and evaluation companies in real- time mode (online). This, in turn, provides acceleration of the crediting process and effective functioning of system.

         At the same time, “Electronic Mortgage Portal”, which is a continuation of the system of EMS, will be in full use of population since February 02, 2015. So, each person who wants to benefit from mortgage credit must apply to www.e-ipoteka.az  website of online portal for purchase appropriately of mortgage credit. Each person estimate generally, entering all necessary information for apply about themselves when they register at first stage. At the same time, each person who wants to benefit from mortgage credits should pay attention to the conditions which is applying on mortgage credits by authorized credit organizations. And finally, the person approves the application after analyzing them.

         The mortgage credits will be on real- time mode (online) that is why; it will create wide opportunities for each person, who wants to benefit from mortgage credits. Also, it will serve to strengthen of control mechanism of Fund, guarantee of the comfort of population and prevent the waste of time and increasing of transparency in mortgage lending.

         If you have any questions, then you will be able to apply to Azerbaijan Mortgage Fund (012 598 20 08).