NextGen.Net integration expertise gives Finsure strategic advantage

Finsure is on track to launch a new tech solution with NextGen.Net’s ApplyOnline that will halve processing times and stop document double handling.

Finsure’s cloud-based broker CRM platform Infynity currently requires brokers to first upload, then re-download documents before they can upload and attach them to an application in ApplyOnline.

“This new piece of technology will enable the documents to be sent concurrently – similar to email attachments – and appear automatically in ApplyOnline,” says Simon Bednar, General Manager of Finsure Finance & Insurance and LoanKit Aggregation.

The solution will also integrate with their new customer portal.

“That’s where NextGen.Net and Finsure work really well together,” says Bednar.

“Our customer portal will allow customers to upload their documents on behalf of the broker. The broker will immediately see the documents in Infynity, confirm they’re correct and hit a button to send them to ApplyOnline along with the application data.”

Bednar estimates a 50 percent time saving, explaining “as part of that process we have a tax file number and sensitive data reduction piece of technology”.

“NextGen.Net work collaboratively with Finsure to ensure our systems talk to each other in a highly sophisticated manner to eliminate double handling and streamline the process from Point of Sale all the way to the lender’s approval,” says NextGen.Net national Customer Account Executive Greg Phillips.

“NextGen.Net and Finsure share the same vision to digitise and streamline the entire mortgage lending process,” says Phillips.

He adds that the seamless integration of ApplyOnline with Infynity, is “a holistic solution for Finsure’s brokers”.

Keen to take advantage of what open banking and NextGen.Net’s acquisition of Frollo might mean for their business, Bednar is excited about brokers being able to access borrower’s data directly from banks to inform an application.

“That’s exactly what I’m looking for, to have as little third-party integration and interaction as possible. It was great to see that NextGen.Net had that breadth of knowledge outside of submissions,” he says.

Bednar relies on NextGen.Net’s ApplyOnline platform to cover off on ‘efficiencies and accuracy’.

“That’s a huge piece of work in itself,” he exclaims, adding “we keep our platform open to allow brokers to be a little bit more fluid in how they collect the data; and the idea of them sending it to NextGen.Net is great for me because they effectively become the quality insurer and checker that allows our system to be efficient and accurate – so when it goes to the lender the data is complete.

“From a strategic partnership perspective that’s powerful.”