Septimo Fideicomiso de Bonos de Prestamos Hipotecario (Panama)

Septimo Fideicomiso de Bonos de Prestamos Hipotecario is a company located in Panama City. It specializes in the origination and administration of mortgage loans. The company has a proven ability to securitize its mortgage loans according to its needs, in order to mitigate the risks of maturity mismatch and funding. It has established itself as a leader in the mortgage market due to its competitive mortgage loan programs and its ability to serve its customers quickly, easily, and reliably. In Colombia, where mortgage financial activity is limited to the city of Bogotá, Septimo Fideicomiso de Bonos de Prestamos Hipotecario is expanding its operations with the goal of becoming a major player in the same niche as it operates in Panama and El Salvador. Currently, active origination in Colombia generates approximately between 7 and 8 billion Colombian Pesos in mortgage loans per month. Additionally, the company offers personal loans exclusively to its mortgage customers. Septimo Fideicomiso de Bonos de Prestamos Hipotecario finances customers who select their homes from a variety of projects and does not allow mortgages from any developer or project to exceed 5% of the total loan portfolio managed by the company. In addition, to maintain objectivity in loan generation, the company does not provide financing for projects in which its shareholders or directors have any direct or indirect interest, and it also does not provide financing for housing construction. The requirements for mortgage loans are strict but fair. Customers must demonstrate employment stability, good credit references, and have approximately 30% of their income available for loan repayment. Septimo Fideicomiso de Bonos de Prestamos Hipotecario will continue to strive to achieve its corporate mission of ensuring that every individual has their own home and improving the quality of life for tens of thousands of Latin Americans through the mortgage products it offers.