Advantedge adopts Loanapp platform

The NAB-owned wholesale funder has announced that it will integrate Simpology’s e-lodgement platform into its offering.

SOURCE: TheAdviser

Advantedge has revealed it is forming a strategic partnership that will see it adopt Loanapp e-lodgement platform, created by mortgage industry software provider Simpology.

The Advantedge general manager said that while it takes a handful of times to “get a feel” for Loanapp, it can improve loan application quality by allowing users to “get the data right at the point of sale”.

“We are pacing into an environment where more and more, it’s about getting the details right, having the right conversations, documenting all of those things… Quality is essential and we believe we can lift our quality,” Mr Halliwell said, adding that loan applications will get harder to put together.

“Loanapp‘s interactive features connect brokers directly to lenders, effectively streamlining the lodgement process. By reducing back-end administration and enhancing quality submissions, the tool is another example of how we are supporting brokers in delivering good customer outcomes.”