Funding.com.au achieves record growth with Brokers
Gold Coast based non-bank bridging fintech, Funding.com.au, has achieved a record in the number of new brokers accredited and loan book growth.
“With the increased need for bridging loans when a customer has bought a new property before they have sold their current one, our product has become the number one solution for Brokers and their customers,” shared Lee Slattery, Funding’s Chief Revenue Officer.
“Our ability to offer code and non-code Bridging, Business and Building loans up to $10 million for up to 36 months, with prepaid and interest and no ongoing fees and charges has given Brokers a unique product offer to their clients,” Slattery continued.
Funding.com.au products are built and delivered digitally to meet Brokers needs for quick approval and settlement. The Lender is providing a credit decision within two hours and loan settlement within three days for a client, allowing Brokers to deliver the best service in the market for short-term bridging funding.
“Broker accreditation has now been at double digit growth every month, leading to a record number of new Brokers offering funding.com.au to their clients,” added Slattery. “Our model is built for brokers and their ability to offer quick solutions to their clients, and they are helping us drive our growth. We accredit Brokers in an hour, approve deals in 2 hours and do not claw back commission. While our Broker portal gives them the ability to lodge deals, access to Broker tools, view their applications and loan portfolio with us.”
Market leading SLA have seen the Funding.com.au bridging product become the #1 choice for Brokers, leading to record application and settlement numbers and significant book growth leading to a record high.
Funding.com.au has continued to expand their experienced BDM team in QLD, NSW, VIC and their local Brisbane and Gold Coast Credit team to keep meeting the market leading turnaround time of 2 hours for approval, while continuing to provide direct access to quote deals instantly, credit advice, Broker support, deal workshopping and any required product training.
The fast growing Lender who specialises in Bridging loans, Business loans and Building loans, completed its Series B capital raise earlier this year and has partnership agreements with AFG, VOW and Yellow Brick Road.
Slattery ended, “I’m thrilled our innovative product and fast SLAs are resonating with Brokers. We are committed to the Broker channel and getting ready for a major brand campaign that will continue to raise the awareness of our Bridging product for customers and see them asking their Brokers about funding.com.au.”
