Brokers

Jul
10

The fintech transformation

According to one fintech expert, brokers could soon be replaced by smart speakers. But will customers embrace such a technological leap? Until the early 2000s, the process of booking a holiday involved trips to multiple travel agencies, hours thumbing through glossy brochures, and more sit-down meetings than the average mortgage currently requires. Today it’s a […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
DETAIL
May
08

P2P lender partners with Finsure

Peer-to-peer (P2P) lender RateSetter has teamed up with aggregators Finsure and LoanKit. Under the partnership, more than 1,400 brokers accredited with Finsure and LoanKit will be able to offer their clients RateSetter’s personal loan and green loan products. Daniel Foggo, CEO of RateSetter, said that joining the aggregators’ lending panel will help accredited brokers improve […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Peer-to-Peer
DETAIL
Apr
24

ANZ partners with broker fintech tool

ANZ has announced it has entered into a relationship with Loanapp, a new e-lodgement tool for brokers to submit residential mortgage applications. The lender will initially make Loanapp available through integrations with aggregators, AFG and Connective. The Loanapp platform was built to the LIXI CAL 2.0 standard, which allows lenders to manage broker submission tools […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
DETAIL
Apr
24

Brokers split on fintech competition

More than half of mortgage brokers are not concerned about increased competition from online broking platforms, according to a recent survey. Despite this, almost a third of respondents said they were looking to improve the digital capabilities of their businesses. The survey was completed by MyState Bank’s national broker network. More than 47% of brokers […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
DETAIL
Apr
23

Hero Broker brings new choices to the mortgage market

A new startup called Hero Broker is launching, aimed at shifting the $2B in annual commission, that is paid to brokers, directly into the pockets of consumers. Hero Broker provides consumers a personalised, direct home loan search & application alternative to mortgage brokers and banks. It considers a number of inputs, including; borrowing amount, type […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
DETAIL
Apr
17

Fintech start-ups threaten mortgage broking old guard amid royal commission heat

The emergence of fintech disrupters to the lucrative mortgage broking industry is being driven by three key dynamics. First, banks pay $2 billion a year in commissions to mortgage brokers for the delivery of home loan borrowers – but want to pay less. Second, the Hayne royal commission is investigating whether current broker pay structures […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
DETAIL
Apr
11

CashDeck releases software to help brokers and borrowers prepare for tougher lending measures

There’s no doubting that the Hayne Royal Commission will bring about changes to the way borrowers, brokers and bankers behave. As lenders are required to more carefully scrutinise loan applications and living expenses, it is expected that home buyers borrowing power will be greatly reduced. A recent UBS report suggests that credit availability could be […]

By Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
DETAIL
Mar
05

Broker raises money through crowdfunding

Mortgage startup Hero Broker has begun a crowd-sourced funding campaign following the recent fundraising success of digital lender Xinja. It is the only mortgage company so far that has tried to raise funds through crowd-sourced funding since ASIC licensed seven companies in January to provide CSF services. Founder Clint Howen told Australian Broker that the […]

By Reposted by Australian FinTech | FinTech . Investing . Mortgage
DETAIL