Fintech joins express loans partnership

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 more than 50,000 home loan contracts through its platform since it launched in 2013.

LeadPoint’s involvement in Bendigo Bank Express is the next phase of LeadPoint’s partnership with Tic:Toc loans, which already offers ‘webmortgages’ loan documentation as part of its instant home loan assessment and approval platform.

LeadPoint uses its proprietary platform to produce digital document packs for lenders, translating a lender’s data file to a personalised home loan contract in less than two minutes from receipt of the data.

 

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Source: Fintech joins express loans partnership

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