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Technology overhaul for non-bank lender

by Staff Reporter8 minute read
The Adviser

By: Jessica Darnbrough

In a push to improve its software offering, Collins Securities has signed a three year partnership with Stargate Group.

The non-bank lender will adopt Symmetry as its new platform which Collin's managing director Rob Emmett said was a robust solution for the company.

“Not only can we use it internally to run our day to day operations, but the ability for one platform to be suited to multiple divisions of our group is of great value to us. We also believe that Symmetry will be well positioned to support our immediate and longer term growth strategy,” Mr Emmett said.

Stargate's Symmetry system, which is currently being used by several other lenders, has already processed more than 300,000 loans totaling more than $130 billion.

Stargate chief executive officer Brett Spencer said the partnership with Collins Securities would benefit both companies.

“It means we can develop Symmetry into an even better solution for the market. Having such a diversified user base ranging from one or two broker firms to 700+ broker operations gives us the opportunity to use the knowledge of our partners to build a great system.”

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