The Mortgage Underwriting Process in SpareBank 1

The members of the SpareBank 1 Alliance have coordinated and streamlined many processes amongst them. The process for underwriting mortgages to retail customers is common across the alliance and the banks share the same systems and models that are part of their underwriting routines.

What is a Norwegian Savings Bank?

The banks in the SpareBank 1 Alliance are Norwegian savings banks. The legal basis for these banks is established in a separate piece of legislation from 1961 (the Savings Banks Act) (Norwegian: Sparebankloven), which was last amended in 2010.

Norwegian Covered Bond Legislation

To conduct a covered bond business is easier if you have a legal framework made for this purpose. When the Norwegian framework was drafted SpareBank 1 Boligkreditt, together with other potential issuers took an active part in the drafting and kept close contact with rating agencies and rating advisors.

Eiendomsverdi: Automated Valuation Company for Residential Real Estate

Eiendomsverdi was founded in 2000 and the company develops and supplies information tools and systems to estimate market value (both on an individual unit level and on a portfolio level) for the Norwegian residential real estate market.

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