End-to-end origination automation
AI-powered document processing
Direct-to-customer digital application
P&I and interest-only, owner-occupied and investment, PAYG, SME, corporate and SMSF, government guarantee, construction and bridging loans
Secured and unsecured
Manual origination is slow, costly and error-prone. Loanworks automates the complete journey enabling processing by exception, so your team can easily focus on what needs attention.
Define exactly how the system makes decisions. Configure serviceability and approval rules, integrate external data services, and base logic on your credit policy by product type, borrower type, LVR, location, loan amount and more.
Individual users can also personalise views and create templates to suit the way they work.
Stable. Secure. Scalable.
Loanworks connects seamlessly with your existing systems and service providers no extra integration investment required.
Fully APRA and ASIC compliant. ISO27001:2022 and SOC2 certified. Operates as an APP entity under Australian Privacy Law.
Track pipeline, submit applications and review commissions
Auto-assign tasks and trigger reminders based on roles and rules
Keep customers up to date via push, email and SMS
Create templates, eSignatures, categorise and distribute documents
Rate change management, dynamic pricing, fee and eligibility rules
Multi-brand support across documents, workflows, portals and communications
Configure referral hierarchies franchise, broker and marketing sources
Open banking, eKYC, comprehensive credit reporting, multiple collateral classes
Since July 2019, when it was awarded a full banking licence by APRA, it has grown rapidly. With currently more than 225,000 accounts on its platform and $300 million in customer deposits, it is Australia’s only neobank to offer home loans and remains the only digital mortgage for brokers.
For Mortgage Choice Group, employing local admin support had proved too costly and time-consuming In fact, far from allowing them to focus on their core skills, it had merely created another level of admin for them, further constraining their ability to grow. It was a catch-22 and they came to Loanworks for a solution.
HomeStart taps Loanworks for home loan origination tech.
Loanworks was selected by the South Australian government backed home loan lender, HomeStart, as its preferred technology vendor.
They are really easy to work with, their response times are great and the system has been very flexible to cater for our customised solution.
Thanks to these technology upgrades, brokers are experiencing a smoother, more streamlined loan process that’s making a real impact. We’re excited that many South Australians will benefit from this collaboration well into the future.
Our Loanworks employee has shown a high level of speed, responsiveness and genuine care on all tasks and has more importantly blended into the processes we use in our business. She is a pleasure to work alongside and already feels like one of our family. The feedback from long term clients regarding her performance has been very positive. They too have felt the change in efficiency and appreciate their loans being completed in a smoother and faster way.
I would strongly suggest to anyone seeking to grow their business, to contact Loanworks and discuss the benefits of adding one of their staff to their brokerage. It is a game changer for any brokerage from one loan writer to a dozen and the financial outlay is a lot cheaper than employing a local admin assistant.