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Advantedge relaunches white label home loans

6 minute read
The Adviser

Advantedge Financial Services has relaunched its white label home loans, which are now being made available through its aggregation service providers.

The new brand identities for ChoiceLend, FASTLend and PLANLend (formerly PLAN Lending) have been launched to “better reflect” each aggregator brand.

First launched in 2009, the new branded loans have been refreshed following updates to the products and services over the last two years.

Brett Halliwell, the general manager of Advantedge, said that he believes the change will build on the company’s momentum.

 
 

Speaking about the benefits of the decision, the GM said: “We decided to change to PLANLend to ensure consistency across each of our brands. We’ve injected a fresh new look into these brands, while still keeping it simple and easy to understand. This will no doubt help raise brand confidence and generate greater association with the aggregator brands among brokers and their customers.”

Mr Halliwell also said that the change has simplified the business’s pricing structure and will improve the lending process for brokers and their customers.

“We’re also enabling brokers to deliver innovative, yet simple, solutions to their customers through digital verification of identity and digital document delivery and signing for home loans, which launched last month.”

The GM added: “With a quality submission, we generally deliver approvals within 48 hours or less, frequently delighting brokers when the decision is unconditional.”

[Related: Major aggregator to profit from credit changes]

 

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Comments (5)

  • "This will no doubt help raise brand confidence and generate greater association with the aggregator brands among brokers and their customers.” C'mon Brett you are better than this! Don't let marketing take over your soul.
    1
  • And no doubt Advantedge have taken the initiative with their new branding to state clearly under the Plan, Choice, Fast Lend logo, 'Powered by NAB'...
    Hate to get onto the front foot of legislation, except when it means increasing rates or decreasing commissions.
    Good news Spartacus, you are not missing out on anything, they still don't allow an Offset Account that was talk about, requested and repeatedly asked for seeing as they try and cross sell an NAB credit Card, so why not an NAB Classic Banking Account that is easily converted into an Offset Account...
    But no... NAB just like the other 3 big Banks still don't get it... trying to make their Branch, make their only Brand that they care about allow all the fruit and yet they could take so much more of the pie if they actually listened to their actual customers, the Mortgage Brokers...
    My recommendation is to avoid using the product until they deliver what we actually want...

    Pro Broker
    2
    • Thanks for the tip Pro Broker.

      So Advantedge re-launch their white label product and are too lazy or incompetent to include an offset facility (which brokers/customers have been requesting for years) or include an applyonline direct access for brokers. 8 years operating and they can't do either of these 2 basic things (not even at a re-launch).

      You really have to wonder about the level of intelligence and competency of the management.

      Spartacus
      2
  • Now all Advantedge has to do is set up an apply online direct system so that brokers can write a Choice/FAST/Planlend loan.

    At present these lot demand that brokers pay for the terrible Podium premium software just so that you can lodge a white label product.

    I would love to give this white label product a go but I refuse to pay for that terrible Podium premium. On principle, I'm not paying $1500 / year for a terrible piece of software designed by people who haven't got a clue about mortgage broking.

    Amusing thing is, this white label product is the only lender on my panel I can't write a loan with. Every other lender either has an applyonline direct access on their broker site or will allow a paper application to be emailed through if they don't have direct access to applyonline. The only hold out to this rule is the broker white label product from Advantedge. What a joke. Tells me they are not serious about their product.

    Spartacus
    2
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