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A finance and logistics executive and former MFAA chief executive officer has joined the advisory board of mortgage marketplace and home loan deal gateway HashChing.
Siobhan Hayden, who resigned as chief executive of the MFAA in June this year, has joined the advisory board of online home loans trader HashChing.
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It’s the third top executive the emerging fintech has secured in recent weeks. Financial services regulatory lawyer Claire Wivell Plater and financial service senior executive Helen Lorigan also joined the fintech’s advisory board recently.
Ms Hayden commented that HashChing has the potential to significantly change the home loan market in Australia.
“HashChing sits at the intersection of customers, brokers and lenders — and provides a pathway to timely and convenient solutions in the mortgage market,” Ms Hayden said.
HashChing CEO Mandeep Sodhi said that Ms Hayden’s industry experience and connections would assist in the young fintech’s efforts to build more market share across broker and consumer channels.
“No one understands the Australian home loan market better than Siobhan,” Mr Sodhi remarked.
“She’s worked on the front line of the mortgage industry and understands trends, behaviours, customer patterns and technology.
“Her deep understanding of mortgage brokers’ behaviour and pain points will help us to further enhance our automated algorithm which matches borrowers with the right mortgage broker. We’re very lucky to have her,” Mr Sodhi said.
HashChing claims to be Australia’s first online marketplace allowing consumers to access pre-negotiated home loan deals without having to shop around.
According to the fintech, there have been more than 1.5 billion dollars worth of home loan applications across its panel of more than 40 lenders since its launch late last year.
[Related: Former major bank executive joins HashChing]
