Brokerage officially launches white-label loan
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North Sydney-based brokerage Shore Financial has officially launched its white-label mortgage, Shore Private, powered by Australian Mortgage.
The Shore Private offering has been developed and piloted by Shore Financial for the past two years.
Available to Shore Financial brokers, the white label utilises artificial intelligence via the Intelligent Credit solution, powered by non-bank lender Australian Mortgage (which was recently acquired by Volt Bank).
The technology can reportedly provide personalised interest rates to broker customers, and approve a mortgage in less than 15 minutes, by harnessing algorithmic-based credit assessment software, utilising live banking feeds, and automated valuations from property market data.