Effi, a technology platform for mortgage brokers, has teamed up with Co-operty, a property tech startup that facilitates co-ownership, to help Australians enter the property market sooner.
“We really like Effi’s dedication to using technology to deliver more efficiency to mortgage brokers,” said Frank Austin (pictured above left), head of distribution at Co-operty.
The partnership aims to integrate Co-operty’s app features directly into the Effi platform, providing a seamless experience for mortgage brokers and their clients.
“Effi’s AI-powered matching algorithm finds the right broker based on the borrower’s individual needs,” Austin said.
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Through this collaboration, Co-operty will refer clients to Effi to find mortgage brokers who can structure financing for properties co-purchased with family or friends.
“Buying property with a friend or family member is an interesting option for a mortgage broker to explore with a client who can’t otherwise afford to buy in the current market,” said Mandeep Sodhi (pictured above center), founder and CEO of Effi.
Later this year, brokers using the Effi platform will have access to a range of co-ownership materials and resources, including tools to set up crucial co-ownership agreements.
“Brokers will start to see a suite of co-ownership materials and resources available directly from the Effi platform,” Austin said.
Both companies are excited about the long-term potential of their partnership to help more Australians achieve homeownership.
“We’re excited for our partnership with Co-operty to deliver the dream of homeownership to more Australians and add value to Effi’s brokers and their clients," Sodhi said.
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