Aussie and Pepper Cash accomplice on white label tech resolution

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

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

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

Combining complete credit score reporting and a few fundamental utility info from the shopper, the system mechanically analyses a variety 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 12 months, 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 an entire vary of circumstances that must be thought-about when serving to our clients. These differ from larger LVR’s to gifted deposits, non-standard revenue, self-employment and a lot extra.”

“Historically, some of these circumstances imply longer processing and utility occasions and rather more work for our brokers to find the optimum product resolution.”

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

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

“80% of our brokers at the moment are 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 information 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 house mortgage possibility, eliminating the guesswork of discovering essentially the most applicable Aussie Activate supply; notably essential for complicated house mortgage eventualities.

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

Pepper Cash’s basic 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 individuals behind the mortgage.”

“Pepper Cash has developed market main applied sciences and techniques to assist our distribution companions aimed toward driving larger conversion, an enchancment in dealer productiveness, and white label settlements; while delivering a constructive 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 the moment the corporations’ brokers are attaining lodgement speeds as much as 4 occasions sooner than the trade common.