Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Brokers to offer same-day home loans

tablet  x tablet  x
Huntley Mitchell 4 minute read

The ability for brokers to offer same-day home loans is set to become a reality thanks to banks’ adoption of a global e-signature platform.

DocuSign is an online program and mobile device app that allows businesses to securely sign documents electronically and send documents for electronic signature in just minutes.

Speaking to The Adviser, DocuSign’s vice president and managing director for Australia and New Zealand, Brad Newton, said the company is currently working “with most of the banks” to help them provide same-day mortgages.

“The banks have got a massive rush going on at the moment to digitise processes and disrupt the market,” he said.

Advertisement
Advertisement

“They all want to go to the market and say ‘Hey, we are the first bank to deliver on same-day home loans. You need to be a customer of ours because we can make it easy, convenient and fast for you to get a home loan’.”

With the help of DocuSign, Mr Newton said many banks will be going to market with this offering in the near future, and will be looking to work with brokers and aggregators to help deliver it.

“Banks want to attract new brokers, and the way that they do that is by making it faster, easier and more convenient to do business with them — DocuSign’s technology is a key piece of the puzzle to facilitate that,” he said.

“If banks can approve a home loan in one day and take weeks out of the process, brokers will prefer that every time.

“The banks aren’t trying to compete with brokers — they’re simply trying to speed the home loan process up, make it more convenient, and reduce costs.”

PROMOTED CONTENT


DocuSign recently partnered with lead generation platform HashChing, as well as e-conveyancing platform Rundl and Connective.

[Related: Platform to accelerate and simplify loan doc process]

Brokers to offer same-day home loans
tablet  x
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Tickets are on sale now. Work smarter, not harder, this year.

tablet  x

 

more from the adviser
merger puzzle Joust launches broker-borrower matching service

The online home loan auction platform has launched a new matching...

uptick graph Prospa boosted by business sentiment rise

Prospa managed a personal best of $182.7 million in loan originat...

Peter White Brokers must vaccinate: FBAA

The Finance Brokers Association of Australia has urged brokers to...