A non-major lender has announced its partnership with software provider Simpology, with the aim of improving its loan application process.
West Australia-based lender P&N Bank has partnered with Simpology to provide Loanapp, an e-lodgement tool designed by the software provider for the submission of mortgage applications.
“We understand the important role that mortgage brokers play in helping consumers navigate through a complex and ever-changing lending landscape,” P&N Bank said.
“We know how important it is for brokers to have access to the information they need when they are in front of their clients and for the submission process to be as easy as possible.”
The customer-owned lender noted that the partnership forms part of its broader digital transformation strategy, enabling it to have the smartest banking digitally, along with the introduction of instant digital cards, faster payments and card controls.
“Loanapp will enable us to configure our lending policy, business rules and requirements in real time, in turn benefiting the end user, our valued brokers,” the bank said.
“As of 29 January 2019, we will be able to receive loan submissions via Loanapp.
“This is another important investment that demonstrates our ongoing commitment to the broker channel as we continue to look for new solutions that provide choice and new ways of doing business to enhance the broker experience.”
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