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Lending

A coalition of associations has called on government to make permanent the temporary rules that allow lenders to process a mortgage digitally.

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A Melbourne-based fintech company has launched a new online home loan application platform aimed at minimising friction in the home loan process.

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The Australian Office of Financial Management has approved a maximum investment of $90 million into online business lender Prospa Group’s warehouse trust.

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The non-major bank has announced that digital signatures acquired through legitimate e-signature platforms will now be accepted on all home loan applications.

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Volt Bank is delaying the launch of its loan products to ensure its foray into lending is done “in a very prudent way”, but it expects to launch its mortgage offering to the broker channel by the end of the year.

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