EastWest Bank and Nook Join Forces to Revolutionize Home Loans in the Philippines

In a groundbreaking move set to transform the landscape of home loans in the Philippines, EastWest Bank has announced a strategic partnership with Nook, the country's original digital home loan specialist. This partnership promises to simplify and expedite the home-buying process for thousands of Filipino families, contributing to Nook's ambitious mission to help one million Filipino households achieve their dream of homeownership.

Nook, known for its innovative approach to home loans, is excited to collaborate with EastWest Bank — a well-established institution with a strong presence in the Philippine financial sector. As the country's original and award-winning mortgage broker, Nook compares 20+ banks for each borrower, matches them to the lender most likely to approve them, and then runs the entire application end to end so families never have to deal with a bank directly.

"We believe that every family deserves the opportunity to own their own home, and our partnership with EastWest Bank brings us one step closer to making this dream a reality for a million Filipino families."

Streamlining the path to homeownership

As part of this collaboration, Nook will leverage its digital technology and team of home loan consultants to streamline the application and approval process — making it more accessible and convenient for aspiring homeowners who want to avail of EastWest Bank home loan products. A dedicated Nook loan consultant prepares and lodges the bank paperwork, gathers the required documents, and handles all the back-and-forth with the bank, so borrowers don't fill in forms or queue at branches.

Mr. Elder emphasized that Nook is not just a mortgage broker but a catalyst for change in the housing market.

"We're not just offering home loans; we're offering hope, stability, and a brighter future. Our aim is to eliminate the barriers that stand between families and their dream homes, and we're confident that the partnership with EastWest Bank can make this dream a reality for 1,000,000+ Filipino families."

A milestone for finance and real estate

The partnership between EastWest Bank and Nook represents a significant milestone in the financial and real estate sectors in the Philippines. By blending traditional banking expertise with modern technology and a mission-driven focus, this collaboration will pave the way for a more inclusive and accessible path to homeownership for countless Filipino families.

In addition to its mission, Nook is renowned for its user-friendly digital experience and world-class customer service, which simplifies the application process and offers transparency and clarity throughout. This approach aligns with EastWest Bank's commitment to customer satisfaction and financial inclusion, making them ideal partners in this endeavor.

What the partnership means for borrowers

• EastWest Bank joins Nook's panel of 20+ partner lenders, giving borrowers another major bank to be matched against.
• A dedicated Nook loan consultant runs the whole EastWest application for you — preparing forms, submitting documents and chasing follow-ups on your behalf.
• The entire journey can be completed online, so OFWs and Filipinos abroad can apply for an EastWest home loan without flying in.
• It remains 100% free for the borrower — the bank pays Nook a commission once the loan is released, never the client.

"We're excited to embark on this journey with EastWest Bank, and we're confident that through this partnership we will achieve our goal of helping one million Filipino families purchase their own home. Together, we'll be redefining the way people experience the home-buying process — making it more affordable, efficient, and accessible for everyone."

With EastWest Bank and Nook now working hand in hand, the dream of owning a home is set to become a reality for countless Filipino families. The partnership not only streamlines the home loan process but brings with it a promise of a brighter, more secure future for the people of the Philippines.