Wholesale funder unveils tech upgrade

by Julia Corderoy21 Jun 2016
Wholesale funder Advantedge has upgraded its application processes in response to significant broker demand.

The upgrade has seen the wholesale funder launch ApplyOnline and a new valuation tool for PLAN Australia, Choice and FAST brokers.

“We have listened to broker feedback, and launched these enhancements so our service can be the best in the market,” Advantedge general manager, Brett Halliwell said.

Brokers will now have the capability to use ApplyOnline for their PLAN Lending, ChoiceLend and FASTLend home loan applications. With this technology, Halliwell said brokers create an application in Podium, finalise application details in ApplyOnline and then submit an application for assessment.

“The ApplyOnline functionality allows us to give brokers access to a better, faster and more convenient lodgement process,” he said.

The new valuation tool will determine the most appropriate valuation type for a loan for the broker – automated, desktop, kerbside, short form or long form – by using an algorithm to assess credit policy, loan profile and available customer information.

“Brokers have told us they want faster valuations,” Halliwell said.

“The launch of this tool means we can give more customers automated valuations – which can be processed in a matter of minutes. This enhancement will ultimately deliver brokers and customers with a much better service experience.”

According to Halliwell, over 85% of brokers now accessing Advantedge white label products.