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Thinktank has efficiently built-in with NextGen’s ApplyOnline platform, in a transfer that may drive future progress by way of Australia’s mortgage dealer community.
In a media launch, the 2 firms mentioned the collaboration affords them mutual advantages given ApplyOnline’s in depth mortgage dealer community and with Thinktank’s being 100% dealer pushed.
Thinktank is leveraging the capabilities of NextGen’s ApplyOnline platform for seamless digital house mortgage software submissions from mortgage brokers. The collaboration additionally covers self-managed superannuation fund (SMSF) mortgage purposes, to fulfill the rising demand from individuals utilizing SMSFs for property investments.
Thinktank has additionally determined to mandate the usage of NextGenID and Entry Seeker to reinforce software high quality, cut back rework, and expedite approval timelines. The digital lodgment of house mortgage purposes will initially be accessible via choose dealer teams and might be made obtainable to further dealer teams as white-label merchandise from January.
Mike Ponsonby (pictured above left), head of lender partnerships at NextGen, mentioned partnering with Thinktank underscores the fintech’s dedication to advancing the lending business via progressive know-how, and expressed the crew’s enjoyment of enabling Thinktank to ship high-quality service to brokers and debtors.
“With ApplyOnline, Thinktank, as a non-bank different lender, now has distribution alternatives that rival main lenders within the dealer market,” Ponsby mentioned.
“Mandating NextGenID and Entry Seeker simplifies the applying course of, enabling brokers to avoid wasting invaluable time on administrative duties, minimise rework, and expedite mortgage approvals. The partnership between Thinktank and NextGen is poised to reinforce effectivity, productiveness, cost-effectiveness, and customer support within the lending business.”
Jonathan Avenue (pictured above proper), CEO of Thinktank, mentioned that given the choice lender’s increasing footprint in residential lending, investing in NextGen was pivotal in supporting the non-bank’s distribution companions, by offering brokers entry to the instruments and companies “they’re conversant in, and rely on.”
“As a well-recognised business, SMSF, and extra lately, residential lender, introducing NextGen is a central ingredient of our subsequent strategic section to serve the broader spectrum of the dealer market,” Avenue mentioned. “Providing NextGen will allow us to have interaction and help a mess of brokers in delivering lending options throughout residential, business, and SMSF sectors to their shoppers.”
Avenue additionally mentioned that NextGen represents a transformative leap for Thinktank, significantly in increasing its relationships with brokers and dealer teams.
“With NextGen going reside throughout our distribution associate community, it should enable us to considerably broaden our attain whereas providing brokers a modern transactional expertise,” he mentioned.
“Over the previous couple of years, we’ve got efficiently settled properly over $3 billion in new residential lending, and with the introduction of NextGen, we anticipate this determine will proceed to rise as we current the NextGen answer to brokers as an integral a part of our providing.”
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