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ISCOVER
Jessica Darnbrough
Pisces has collaborated with aggregator LoanKit to provide a new software platform that promises to reinvent the way brokers use electronic applications.
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Speaking at the LIXI forum in Sydney yesterday, Pisces and Loankit showcased how its new online loan application lodgement platform and lender application gateway would work.
With the new software, aggregators can directly connect to lenders for submission rather than via electronic lodgement service providers.
This also enables changes in lenders’ rules, forms and products to automatically update the aggregator platform via a direct link to the lender system.
Pisces Services product manager Andy Taylor said the company’s vision was to create an environment where lenders are empowered to build and update products on the fly, then simultaneously publish these changes to the broking network at the click of a button.
“Today’s showcase demonstrates that extending the LIXI standard to support policy and business rules would be hugely beneficial to the Australian mortgage industry,” he said.
LoanKit head Kym Rampal told The Adviser that he was excited to be bringing a whole new software solution to brokers.
“There is nothing like this on the market. Not only will this new software solution improve a broker’s service proposition, but it will also help them improve their conversion rates.”
