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The major brokerage has integrated the loan selector tool into its system for brokers using its Pepper-funded white label range.
Aussie Home Loans has integrated Pepper Money’s loan selection tool, the Pepper Product Selector (PPS), into its Aussie Activate loan journey and Lendi platform.
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While Aussie already offers Pepper-funded loans under its white-label loan range Aussie Activate, the PPS tool has now been integrated so that Aussie and Lendi Group brokers can quickly identify which Aussie Activate loan may be best suited for their client.
The digital solution pairs a customer with their optimal Aussie Activate home loan product and rate in under five minutes without impacting their credit score, according to Aussie.
By combining comprehensive credit reporting and basic application information, the offering automatically analyses an array of factors (such as credit history, loan-to-value ratio (LVR), property location, and employment history) to provide customers with a product match and a fast, indicative approval.
According to the broking group, the Aussie Activate Product Match offering will allow brokers help their clients “know where they stand with one inquiry”.
Shaun Lordan, Lendi Group general manager, lending and third-party partnerships, commented: “There are a whole range of circumstances that need to be considered when helping our customers. These differ from higher [LVRs] to gifted deposits, non-standard income, self-employment and so much more.
“Traditionally, these types of circumstances mean longer processing and application times and much more work for our brokers in finding the optimal product solution.
“Aussie Activate Product Match now sits within Lendi Group’s platform, providing Aussie brokers with the appropriate Aussie Activate loan and indicative rate to match their customer’s needs.
“This can take place in under five minutes, supporting faster time to ‘yes’ and increasing the chance of conversion.”
He added that 80 per cent of Lendi’s brokers are now using lender integrations to assist them in writing loans every week.
“It’s empowering for our brokers to help customers with differing circumstances so efficiently,” Lordan said.
Barry Saoud, Pepper Money’s general manager, mortgages and commercial lending, said that the non-bank lender is focused on empowering their white label partners and broker networks.
“With the launch of Aussie Activate Product Match, we’re empowering the Aussie Lendi network to continue to focus on what matters: the people behind the loan,” he said.
“Pepper Money has developed market-leading technologies and systems to support our distribution partners aimed at driving higher conversion, an improvement in broker productivity, and white-label settlements; whilst delivering a positive broker and customer experience.”
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