Fintech lender Funding launches new broker portal

The new portal enables brokers to lodge and track bridging, business and building loan applications lodged to the lender.

Its features include:

• Deal lodgement
• Live deal tracking
• Live broker chat support
• Brokers lending portfolio
• Live lending turnaround times
• Broker tools & supporting documents

Lee Slattery, Funding’s chief revenue officer, said he was “thrilled” to have launched the broker portal, adding: “We are committed to the broker channel and see brokers as key partners in everything we do.

“Giving brokers the ability to lodge loans and track them live is very important to our strategy to let the broker own the customer and give them and their customers the best possible experience.

“Everything we do at Funding is digitally led, we are aiming to revolutionise short-term, property secured lending, so having a simple and digital broker platform was a key step for us.”

The CRO noted that the lender was providing brokers with speedy approvals and turnarounds – reportedly regularly settling deals within three days – and added that “showcasing this experience” and its products to the broker channel through the portal, “while giving them more tools to make the experience even better” was “incredibly important” to the non-bank.

The broker portal comes as the fintech lender builds its presence in the market.

Earlier this year, it completed a Series B capital raise and secured a new debt facility with MA Financial.

It has also been bolstering its support team, hiring two new business development managers (BDMs) and increasing its credit team leadership.

“We have now grown our BDM team and scaled up our credit team [and] we will now continue to develop our customer and broker offer which includes further development on our broker portal and tools to make things easier for brokers and help them meet their customers’ needs fast,” Mr Slattery concluded.

[Related: Funding confirms new BDM appointments]