Powered by MOMENTUM MEDIA
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.

ANZ partners with new broker tool

puzzle acquisition ta

puzzle acquisition ta
Reporter 1 minute read

The major bank has announced its “transformational” partnership with a fintech tool designed to improve broker-originated loan applications.

ANZ has partnered with Loanapp, an e-lodgement tool designed by Simpology to be used by brokers for the submission of mortgage applications.

The big four bank noted that it will initially make Loanapp available through aggregators Australian Financial Group (AFG) and Connective.

According to ANZ, Loanapp, which was built into the LIXI CAL 2.0 standard, enables lenders to manage broker-originated loans instantly and ensures that brokers using the tool are up to date and comply with lenders’ requirements in real time.

ANZ general manager of residential broker Simone Tilley said that she believes the partnership would enhance the broker experience.

“This is a transformational step for our business,” Ms Tilley said. “Simpology follow[s] the agile methodology and is capable of implementing change smoothly and efficiently.”

“In such a fast-changing environment, these are essential elements we look for in all key business suppliers. Ultimately this is about providing choice, which will only further enhance the ANZ broker experience,” Ms Tilley added.

Founder of Simpology Kate Gubbins said: “With Loanapp, we wanted to deliver an easy and trustworthy experience to both brokers and lenders. It is configured with business logic that matches the lenders’ internal loan processing systems, product and credit requirements.

Advertisement
Advertisement

PROMOTED FEATURES


“The intuitive user interface guides the broker based on this business logic, and because it can be updated in line with changing lender requirements, brokers and lenders can ensure submissions are compliant, complete and ready to process.”

[Related: OmniPay launches ‘collaborative’ supply chain finance platform]

ANZ partners with new broker tool
puzzle acquisition ta
TheAdviser logo
puzzle acquisition ta

 

more from the adviser
parliament Responsible lending laws to be scrapped

The federal government has revealed that it will move to overhaul...

Plenti team ta Plenti lists on the ASX

The non-bank lender has commenced trading on the ASX after succes...

fight boxing gloves Brokers maintain low level of AFCA complaints

Over 7,000 complaints relating to home loans were lodged with AFC...

FROM THE WEB