Mortgage credit availability in the BIESS

Good news for Cuencanos! The Bank of the IESS (BIESS) reopened its “Fabrica de Operaciones” (Loan services operation center) in Cuenca to revitalize and improve the mortgage loans services. The “Fabrica de Operaciones” is the department in the BIESS where all the documents related to mortgage loans are processed including assessment reports, coordinating legal issues, and approving mortgage loans and process payments. BIESS has 53 percent of the national mortgage market. This new area will help to coordinate loans in Cañar, Morona Santiago, Zamora Chimchipe, and Loja. “The Fabrica de Operation will improve the timing of the process to obtain…

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