PR Newswire
08 Aug 2022, 09:13 GMT+10
Transformational broker solution shortlisted as excellence awardee
SYDNEY, Aug. 8, 2022 /PRNewswire/ -- Innovative Australian fintech loan origination and lead generation solution for mortgage brokers, LoanQ, has been announced as an excellence awardee finalist in this year's Australian Mortgage Awards.
In under two years, LoanQ has digitally transformed the mortgage and personal finance broking industries, re-shaping how brokers and dealerships generate new revenue streams.
Parent company, LoanQ Technologies, created an intelligent loan origination platform and lender gateway service by establishing two game-changing products:
The cloud-based architecture of LoanQ has transformed a complex, fragmented and frustrating segment for mortgage brokers, finance brokers, and dealerships. Previously they had to manually check multiple lender portals, manually analyse and compare rate cards and then embarked on the time-consuming completion of compliance documents.
LoanQ innovation means loans are now originated in under 20 minutes, including the lodgement to lenders.
"LoanQ is all about innovating new opportunities at the lowest cost point," said Scott Juda, LoanQ's Head of Distribution. "Mortgage brokers can now diversify, and better meet customer needs due to greater productivity and efficiency benefits of using LoanQ. This includes offering value-add personal lending and asset finance opportunities to customers."
Over 4,000 mortgage brokers nationwide are now using LoanQ. LoanQ's intuitive guided flows and application processes standardise how they write personal loans and asset finance - by asking deal-specific questions to narrow the lenders and products suitable for their clients. The result is better-quality applications, quicker turnaround and higher conversion rates. Lenders receive higher quality deals that fit their target market and settle more loans faster.
LoanQ identified manual processing of loans as the most significant issue affecting brokers and, unlike other Fintechs, does not compete with or disrupt brokers. It supports them. With data capture, loan comparisons, completion of one-click compliance documents, eSign and tender lodgement, LoanQ has resolved many of the inefficiencies in the industry.
LoanQ has recorded more than 180% customer growth in just twelve months.
About LoanQ Technologies
LoanQ Technologies provides loan origination and lead generation solutions to mortgage and personal finance brokers. LoanQ is an intelligent loan origination platform and lender gateway service designed for brokers and dealerships, which can be used on any device. WebloanQ is a client-facing portal with financial calculators that let consumers compare lending products. https://www.loanq.com.au
CONTACT:
Cathryn van der Walt
+61-0402327633
[email protected]
SOURCE LoanQ
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationDHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
(250709) -- SUWON, July 9, 2025 (Xinhua) -- Shao Ziqin (L) of China celebrates after scoring during the women's football match between...
By recognizing Afghanistan, Moscow confirms its central role in Eurasia Russia's recent decision to officially recognize the Islamic...
(250709) -- KUALA LUMPUR, July 9, 2025 (Xinhua) -- Malaysian Prime Minister Anwar Ibrahim addresses the 58th Foreign Ministers' Meeting...
New Delhi [India], July 9 (ANI): It's been four days since India's historic qualification for the AFC Women's Asian Cup Australia 2026....
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...