Applications build themselves dynamically around the loan type, with fully configurable fields that let each lender set their own data validation and mandatory-versus-optional rules. Financials can be captured manually or through open banking and secure screen-scraping, virtually eliminating manual data entry.
Once submitted, every application flows into a single, intuitive pipeline where users track progress in real time, receive instant notifications on any lender changes, and respond to More Information Requests without ever leaving the portal.
Required supporting documents appear automatically based on the application type, each linked to the conditions it satisfies — and every file is virus-scanned and verified in real time by an intelligent document engine, giving brokers a faster, simpler, and fully transparent path from submission to settlement.
Origination reimagined — intelligent, automated, and built to keep you connected every step of the way.
Simply collect your customer’s fact-find and supporting documents — our AI does the extraction and validation before populating the information in the screens.
Every field is fully configurable, so the lodgement process fits the way each lender works.
Capture financials without the manual grind.
Every submitted application flows into a single, intuitive pipeline.
We take the guesswork out of documentation.
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.
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.
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.