HF Eases Access to Its Bogeumjari Loan, JooTaekYeonKeum, and Jeonse Loan Guarantee
- Date 2018-07-26
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HF Eases Access to Its Bogeumjari Loan, JooTaekYeonKeum, and Jeonse Loan Guarantee
- HF streamlines document submission with data scraping from Q4
From the fourth quarter of the year, those applying for HF products will no longer need to submit a paper copy of their household resident register, family relation certificate, and other required documents in person.
Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) announced on the 26th that it is going to introduce data scraping* for all of its products, including Bogeumjari Loans, Jeonse Loan Guarantees, and JooTaekYeonKeum, as part of its efforts to free its customers from needing to physically submit all required documents.
* Scraping refers to an automated technique of extracting necessary customer data by a computer program under their consent instead of collecting the data from them in person.
With the data scraping service to be introduced, HF will be able to use the data which it extracts on behalf of its loan and guarantee customers as long as they give HF consent to carry out data scraping. This frees them from the burden of gathering all of the required documents, such as a copy of their household resident register and family relation certificate, to apply for an HF loan or loan guarantee. This also improves HF’s business efficiency.
An HF official said, “Until now, our scraping service has only been available for certain documents for our Bogeumjari Loan users. However, we will expand this service to cover more documents for all of our products. We will make greater efforts to improve our customers’ convenience and their satisfaction with public services by adopting new services suited to the era of the Fourth Industrial Revolution and Fintech.”