Firstmac releases online budgeting system

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Broker-introduced clients of Firstmac will now have access to new online transaction technology allowing them to keep track of their finances while paying off their mortgage.

Firstmac's new 'Livez Money' technology includes online money management tools including allowing clients to tag or label expenditure, track spedning and create budgets in order to manage their money.

Firstmac founder Kim Cannon said he expected the new online transaction technology to be a unique selling point for brokers when recommending Firstmac to clients looking for a home or investment loan.

“This is part of an improved service that we are providing for brokers," Cannon explained.

"This includes lower package rates for bundled owner-occupier and investment loans, quicker turnaround times and dedicated BDMs that ensure the deal goes smoothly."

Cannon said the non-bank has other products brokers could cross-sell to their clients, and has flagged Firstmac may soon diversify into a broader range of product competing directly with the major banks.

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