Apply for a home loan in five minutes: LoanOptions.ai launches flagship home loan technology on subscription model
Award-winning and leading loan matching technology provider and asset finance broker LoanOptions.ai has unveiled its innovative home loan technology available to the entire industry.
LoanOptions.ai’s 5 Minute Home Loan Application, HAILO, is set to revolutionise the home loan process, reducing the application time to as little as five minutes and cutting customer data entry by up to 80%—all while ensuring absolutely no impact on the customer’s credit score.
“This is hands down the fastest and most intuitive way for customers to apply for a home loan,” said LoanOptions.ai Founder and CEO Julian Fayad. “It’s more than just a serious time-saver. It’s a hassle-free experience that puts the customer in control of their journey.”
The process is powered by an AI-driven, one page application that eliminates unnecessary steps, enabling customers to focus on what matters most to them. The journey includes:
- selecting whether it is a purchase or a refinance
- searching for a property
- checking its value
- setting priorities; what matters most to the customer in a loan?
- securely linking bank accounts
- Verifying and prefilling ID documents using AI
- providing a clear financial snapshot
Customers simply upload two key pieces of information with the press of a button for each, and the system does the rest of the work, prefilling most of the application data through the AI-powered Auto Complete Engine.
“It’s incredible to think back to when the finance industry was buried under paperwork. Technology has brought us so far, but there’s no reason to stop here,” said Fayad.
“With our new one-page home loan application technology, we’re not only eliminating tedious tasks for brokers and borrowers, but also empowering more customers with financial knowledge and tools to make smarter decisions. The data can then be synced back to most major aggregator platforms through its Effi integration”
HAILO is powered by the LoanOptions.ai’s proprietary Synapses ecosystem, a cutting-edge API platform designed to revolutionise the finance industry by integrating a wide range of services into a single, scalable solution. Synapses streamlines complex processes like:
- OCR (Optical Character Recognition)
- business lookups
- ABN and NZBN validations
- credit analysis and decisioning
- and multiple credit bureau checks, while its AI-powered models enhance efficiency through:
- advanced fraud detection
- and predictive analytics.
By automating workflows and transforming documents into actionable data, Synapses empowers brokers and lenders to make smarter, faster, and more consistent decisions.
This innovative ecosystem is the cornerstone of LoanOptions.ai’s commitment to propelling the entire industry forward with technology. Synapses services are available for any businesses to license and has a simple single API integration giving businesses an enormous speed to market advantage and significantly reduced code maintenance and tech debt.
