Meet the tech that is helping the broker channel fuel Resimac’s growth

The vital tech product that makes brokers more likely to use a lender

Meet the tech that is helping the broker channel fuel Resimac’s growth

News

By Mike Wood

Resimac has gone from strength to strength in the last few months, pricing a $1 billion RMBS transaction and releasing results that showed 88% growth in FH1 2021.

While the general upwards trend in the housing market is one of the key driving factors behind their growth, there is another, more subtle element to their success.

Resimac paired up with NextGen.net, one of Australia’s leading fintechs, to help improve their broker channel offering: in particular, they adopted NextGen.net’s Apply Online software, which has allowed for improvements in data capture, scalability and distribution.

Brokers are now seeing the benefits, with improve application processes and customer feedback.

“It’s been very rewarding to be a part of the success of Resimac’s strategic technology roadmap,” said NextGen.Net Customer Account Manager Steven Hudson.

“Whether it is leveraging our data insights or driving prioritisation of change and solution execution, our partnership ensures that Resimac provides brokers with the tools they need and the efficiencies that enable their high performance and growth.”

Resimac are already seeing results, just a month and half into the partnership.

“The ApplyOnline Supporting Documents service, which we went live with in May, helps to ensure that brokers can achieve accuracy at point of sale,” said Chris Paterson, Head of Product and Commercial Operations at Resimac.

“We wouldn’t have the growth we have today if it wasn’t for brokers and aggregators. NextGen.Net’s relationship with aggregators and brokers complements and supports this by helping to deliver a quality experience.”

“The third-party channel continues to be a major part of Resimac’s growth. We are committed to providing brokers with the best available tools to submit applications to lenders and ApplyOnline is one of those tools.”

“If we want to be a dominant alternative lender to the major banks we need to be on point with our digital functionality.”

 

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