Fotocasa Partners With Trioteca to Build Real Time Mortgage Marketplace in Spain

December 14, 2021
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The Adevinta-owned Spanish property portal Fotocasa has announced the launch of a new consumer mortgage marketplace which has been built in partnership with the Barcelona based mortgage-tech specialist Trioteca.

The new platform uses 33 fields of user input and Trioteca's technology to give users real-time information around which mortgages are available to them without having to leave the portal.

Founded in 2018 in Barcelona, Trioteca is an independent online mortgage brokerage service that has brokered over 4,800 mortgages to date and that has benefitted from a booming 2021 Spanish mortgage market which, according to Fotocasa's research department, is the best since 2011.

"One of the objectives that Fotocasa is always working towards is to offer its users all the available information to make decisions around searching for a new home easier. This partnership with Trioteca is a clear example of the union of information and technology put at the service of the user to allow them to compare different mortgage options without leaving home." Said Fotocasa Director of Studies, María Matos

"The leading technology of Trioteca represents an inflexion point for the real estate and mortgage sector. This mortgage marketplace automates the whole process and makes it more agile while multiplying the chance of closing a mortgage without leaving the Fotocasa portal." said Ricard Garriga, CEO of Trioteca

The partnership with Trioteca represents a real upgrade for Fotocasa. Until now, Fotocasa's mortgages section had simply contained a few monetised links to landing pages from selected banks rather than one of the integrated calculation engines which have become the norm among European portals.

Fotocasa's new mortgage marketplace is the first of its kind among major Spanish portals in that the user is shown on screen the lenders available to them and a breakdown of costs. The mortgage sections of both Idealista and Pisos.com currently consist of a simple form for users to fill in which are passed on as leads to third parties to contact them.

December 14, 2021
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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