{"id":3761,"date":"2022-11-23T11:33:55","date_gmt":"2022-11-23T03:33:55","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3761"},"modified":"2022-11-23T11:33:56","modified_gmt":"2022-11-23T03:33:56","slug":"daily-markup-638-ringkas-simplifies-the-tedious-home-mortgage-application-process-in-indonesia-with-technology","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3761","title":{"rendered":"Daily Markup #638: Ringkas simplifies the tedious home mortgage application process in Indonesia with technology"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/35gI4KrZPko9P-7F8dI7oRn6JqpfE90KD4J6wLHTpwVltd48QUu8vbMVRNHfyQI8vblbP-niq-55wsnavG6zuQTN7yYb5CnFBWJtElWmvG3BFhqRkbWMkrUeaZSGe39xJZpvx5JHOwWb2m5LPWU6VYGN7hNaBd1O4eLZGUHZbxa8Da2_cUuyiin4NLz2TQ\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Credit: e27<\/figcaption><\/figure>\n\n\n\n<p><strong>A match made in mortgage<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Purchasing a home is an important milestone for many of us, but in Indonesia, one of the major barriers to home ownership is the country\u2019s complicated paper-based mortgage application process.<\/li>\n\n\n\n<li>Determined to solve this problem is 500-backed digital mortgage platform <a href=\"https:\/\/ringkas.co.id\/\">Ringkas<\/a>, which translates to \u2018concise\u2019 or \u2018shortcut\u2019. True to its name, Ringkas simplifies Indonesia\u2019s complicated mortgage application process and <a href=\"http:\/\/bit.ly\/3GyLxqW\">keeps things simple by providing easy-to-use tools for agents, property developers, customers, and banks<\/a>.<\/li>\n\n\n\n<li>Before Ringkas: A prospective home buyer looking to submit a mortgage application to a bank goes through multiple steps involving a lot of paperwork, resulting in a lengthy manual process. And they repeat this process with every bank.<\/li>\n\n\n\n<li>With Ringkas: They fill out just one application form digitally and submit it to multiple banks.<\/li>\n\n\n\n<li>The Ringkas platform then intelligently pre-screens customers and matches them to the right bank based on their risk profile. Think of the Ringkas platform as a matchmaker for mortgages!<\/li>\n\n\n\n<li>\u201cOur goal is to provide tools for all stakeholders in the industry to facilitate the mortgage application process and make it faster, more transparent, and efficient,\u201d explained Co-founder Ilya Kravtsov.<\/li>\n\n\n\n<li>For property developers and agents, this allows them to focus more on their core business of selling, and less on assisting customers with paperwork and worrying about the high rejection rates from banks \u2014 which, in several cases, could reach up to 40%!<\/li>\n\n\n\n<li>Today, Ringkas is focusing on Indonesia but plans to expand to other regional markets when the opportunity arises. According to the team, they have secured several billion USD in the supply of houses in 34 cities across Indonesia. They\u2019re also working with well-established banks, including Mandiri, BSI, OCBC, Danamon, Permata, UOB.<\/li>\n\n\n\n<li>Read the full story on <a href=\"http:\/\/bit.ly\/3GyLxqW\">e27<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A match made in mortgage<\/p>\n","protected":false},"author":5,"featured_media":3762,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[527],"class_list":["post-3761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-ringkas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #638: Ringkas simplifies the tedious home mortgage application process in Indonesia with technology - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=3761\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #638: Ringkas simplifies the tedious home mortgage application process in Indonesia with technology - Markup\" \/>\n<meta property=\"og:description\" content=\"A match made in mortgage\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=3761\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-23T03:33:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-23T03:33:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-21-at-4.09.01-PM.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1374\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3761#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-21-at-4.09.01-PM.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-21-at-4.09.01-PM.jpg\",\"width\":1374,\"height\":768},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3761#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=3761\",\"name\":\"Daily Markup #638: Ringkas simplifies the tedious home mortgage application process in Indonesia with technology - 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