bips

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bips is mortgage placement software designed for Canadian brokers. The platform matches borrower scenarios against Canadian lenders, including A, B, and alternative options, while performing automatic calculations such as loan-to-value ratios, debt service ratios, stress tests, and monthly payments according to Canadian compounding standards. Results are ranked by interest rate and qualification confidence to help brokers identify suitable lender matches. The platform uses AI to extract borrower data from natural language input, Filogix imports, or uploaded documents. A built-in directory provides direct contact information for matched lenders, with real-time updates to lender guidelines ensuring access to current criteria. Brokers retain control over placement decisions, with statistical recommendations supporting their choices. Focused on Canadian mortgage standards, bips offers tailored solutions for residential mortgage lending.