Shadow banks swoop as five lenders quit sub-prime home loans
Digital home-loan lender Tic:Toc is launching into the sub-prime mortgage market targeting small business owners as five other lenders quit the sector claiming “industry changes”. Tic:Toc’s move follows stakes being taken in the online lender by Genworth Mortgage Insurance Australia and La Trobe Financial, which is part of the US investment giant Blackstone Group. Other […]
UBank launches AI mortgage application assistant
A new artificial intelligence-powered mortgage application assistant will soon be able to answer customer questions in natural language, UBank has announced. UBank has revealed that its new AI-powered digital home loan application assistant, called Mia (short for My Interactive Agent), will start answering more than 300 common customer questions in real time from late February. […]
Know whether your bank is giving you a good home loan deal with uno’s loanScore
Australians are in the dark on how their home loan deal stacks up with 53% not knowing their rate, 26% not confident they have the best deal, and 31% saying they never compare their loan to the market. But fintech uno Home Loans is empowering customers to take back control with the launch of loanScore […]
Regional bank backs digital innovation
A regional bank has adopted a new e-lodgement tool to support its network of 1,700 accredited mortgage brokers. P&N Bank – WA’s largest, locally owned and managed bank – has partnered with developers Simpology to provide Loanapp, a tool that gives brokers access to the information they need for client meetings and mortgage submissions. According […]
Why Sydney tops Silicon Valley for FinTech
Vincent Turner is Founder and Chief Innovation Officer of Uno Home Loans. He has been in fintech his whole working life, starting way before the term fintech was coined. Vincent spent five years in Silicon Valley, as Founder of fintech Planwise. He founded the valley’s fintech Meetup group and made the Forbes 50 list. Vincent […]
ANZ Bank buys into online mortgage broker Lendi
ANZ Banking Group has taken a strategic stake in online home loans platform Lendi. Street Talk understands ANZ paid close to $40 million for a minority stake, to become Lendi’s second largest strategic shareholder behind fellow Australian financial services giant Macquarie Group. Importantly for Lendi, which has 37 banks and lenders on its open home […]
Fintech joins express loans partnership
A digital mortgage service fintech has announced it will join a partnership to create fast, paperless home loans. Tic:Toc and Bendigo Bank announced recently they would be teaming up to offer “express” loans. Now, legal fintech LeadPoint, which specialises in providing automated home loan documentation, has announced it would join them. The group has generated […]
CashDeck app Wealth Desk is a game changer for mortgage brokers
CashDeck have released their Financial Fitness Tracker app called Wealth Desk for Apple and Android and it’s set to be a game changer for the 65% of mortgage brokers who find marketing and lead generation a challenge. The app is a simple tool that helps clients prepare for the lending process. But, for the broker, […]
