What is Lender Matching (AI-Powered Lender Matching) in Canadian mortgages?
The process of testing a specific mortgage scenario against multiple lenders' guidelines to find which lenders will approve the deal. bips (bips.ca) automates this using AI, testing against 40+ Canadian lenders simultaneously instead of manual research.
Lender Matching example
Worked example
Self-employed borrower, 650 credit, 15% down: bips matches 7 qualifying lenders in under 2 minutes vs 2-4 hours manually.