CIBC continues mobile banking innovation with the help of Xtreme Labs

Toronto’s Xtreme Labs announced today the release of their newest app for the iPhone and BlackBerry, The CIBC Home Advisor.

“Buying a home and choosing the right mortgage are among the biggest financial decisions Canadians will decision,” said Christina Kramer, Executive Vice President, CIBC. “With the CIBC Home Advisor App, all Canadians have access to advice and information in the palm of their hand.”

The CIBC Home Advisor app enables home buyers to find housing prices that suit their individual financial needs. Users can easily organize and list homes, save details, and upload photos to help track homes they are interested in. The state-of-the-art mapping functionality lets users see the changing value trends in different neighborhoods. The app also displays the updated prime rate and features an in-depth mortgage calculator.

Xtreme Labs partnered with CIBC from the inception of the CIBC Home Advisor project, working with CIBC through the strategy, development, and launch phases of the project.

“In terms of mobile applications that assist in important financial decisions, there is no other app of this caliber available anywhere, ” said Amar Varma, co-founder of Xtreme Labs. “Our goal was to go above and beyond in creating a mobile app that acts as a complete financial advisor for prospective home buyers, and we’ve exceeded even our own high expectations with the CIBC Home Advisor.”

Xtreme Labs is backed by Extreme Venture Partners and builds custom mobile applications for many of North America’s most successful Fortune 1000 Companies. Named one of Canada’s Hottest Emerging Growth Companies by PROFIT Magazine, Xtreme Labs has over 70 mobile engineers, an in-house mobile graphic design team and a focused QA team.

CIBC customers can download the CIBC Home Advisor iPhone app from the iTunes App Store and the BlackBerry Super-App from BlackBerry App World.