Aussie and Pepper Cash associate on white label tech answer

Aussie has strengthened its partnership with specialist lender Pepper Cash with the launch of ‘Aussie Activate Product Match’ – a digital answer now accessible to all Aussie and Lendi brokers.

Powered by Pepper Cash’s unique know-how, the Pepper Product Selector (PPS), the Aussie Activate Product Match answer is built-in instantly into the Aussie Activate mortgage journey and Lendi platform.

The dealer group stated the know-how matches a buyer with the optimum Aussie Activate residence mortgage product and delivers an indicative approval in beneath 5 minutes, with out impacting the client’s credit score rating.

Combining complete credit score reporting and a few fundamental utility data from the client, the system routinely analyses a spread of things together with credit score historical past, LVR, property location and employment historical past to serve clients with a product match and speedy indicative approval.

The ability of lender platform integrations

Aussie’s providing permits the dealer and their buyer to know the place they stand with one enquiry, in opposition to the complete suite of Aussie Activate product choices. 

The answer displays the non-bank sector’s agility and elevated share of residential lending – which reached 16% market share in March this yr, and an estimated market worth of $74 billion.

Normal supervisor, lending and third-party partnerships at Lendi Group, Shaun Lordan (pictured above left) defined: “There are a complete vary of circumstances that should be thought-about when serving to our clients. These differ from greater LVR’s to gifted deposits, non-standard earnings, self-employment and a lot extra.”

“Historically, a majority of these circumstances imply longer processing and utility occasions and far more work for our brokers find the optimum product answer.”

The product matching know-how now sits inside Lendi Group’s platform, offering Aussie brokers with the suitable Aussie Activate mortgage and indicative price to match their buyer’s wants.

“This may all happen in beneath 5 minutes, supporting quicker time to ‘sure’ and rising the possibility of conversion,” Lordan added.

“80% of our brokers are actually utilizing lender integrations on platform to assist them write loans each week, and it’s empowering for our brokers to assist clients with differing circumstances so effectively.”

Aussie stated its dealer community has warmly embraced the product, appreciating its effectivity, notably the elimination of duplicate knowledge entry, with the answer delivering single system enter.

Brokers have favoured the user-friendly interface, notably the speedy product matching function, which identifies the optimum residence mortgage possibility, eliminating the guesswork of discovering probably the most acceptable Aussie Activate supply; notably necessary for complicated residence mortgage situations.

“We’re frequently searching for methods to make sure our lending merchandise are finest on platform for each our brokers and clients and stay up for additional upcoming enhancements to our Aussie Activate providing,” he stated.

Pepper Cash’s common supervisor mortgages and business lending, Barry Saoud (pictured above proper) stated the non-bank stays centered on empowering their white label companions and dealer networks to fulfill their rising buyer wants.

“With the launch of Aussie Activate Product Match, we’re empowering the Aussie Lendi community to proceed to concentrate on what issues: the folks behind the mortgage.”

“Pepper Cash has developed market main applied sciences and methods to assist our distribution companions geared toward driving greater conversion, an enchancment in dealer productiveness, and white label settlements; while delivering a optimistic dealer and buyer expertise,” he stated.

The brand new Aussie Activate Product Match is built-in inside Lendi Group’s platform, which is now utilized by all Aussie brokers since June 2023. At present the corporations’ brokers are reaching lodgement speeds as much as 4 occasions quicker than the business common.