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Brokers will be able to lodge mortgages electronically via ApplyOnline® from next Wednesday, following a new partnership between the non-bank and NextGen.
Self-employed lending specialist RedZed will offer brokers the option of electronic lodgements for residential applications via ApplyOnline from next Wednesday (20 November), alongside a range of additional efficiency tools for brokers developed by mortgage technology provider NextGen.
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Previously, RedZed had accepted electronic lodgements via Loanapp (by Simpology) alongside manual applications; however, it will soon have the ApplyOnline lodgement system available to brokers, too.
It has also adopted NextGen’s compliance tab, eSign for electronic signatures, NextGenID for digital verification of applicant identity, and enabled broker-ordered valuations from ApplyOnline.
The new technology stack will enable brokers to electronically submit loan applications through the platform, streamline the submission of supporting documents, and receive efficient assessment of loan applications.
RedZed said that the new technology partnership reinforced its commitment to enhancing the application process for broker partners.
Calvin Cordle, the managing director of RedZed, said: “One of RedZed’s strategic objectives is to be the partner of choice for brokers and aggregators and to provide a best-in-class experience for our self-employed customers.
“Partnering with NextGen allows us to enhance our mortgage lodgement process, ensuring it remains simple, fast, and fair for our brokers and customers.”
Mike Ponsonby, the head of lender partnerships at NextGen, said the company was “thrilled” to collaborate with RedZed to “enhance efficiency in the mortgage application process”.
“This partnership underscores RedZed’s commitment to providing brokers with the best tools and resources available in the market,” he said.
“We are proud to support RedZed in their commitment to the broker channel, offering home loan products in a quality and streamlined way.”
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