Volt co-founder and chief Steve Weston. Source: supplied.
Neobank Volt has acquired alternative lender Australian Mortgage, in a bid to bring tech into an antiquated industry, and improve efficiency for brokers and borrowers alike.
It means the bank will be able to offer a mortgage product for the first time one it says will allow for fully verified approval times of 15 minutes or less.
Speaking to
SmartCompany, Volt co-founder and chief Steve Weston says the acquisition represents a milestone for Volt.
Getting mortgage approvals is a “pain point” for Australian consumers, he notes, and can take as long as 25 days.
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Ex-Time Home Loans director partners with AFG
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The aggregator has partnered with former Time Home Loans director Ruan Burger under his new business venture, Success & Broker.
Australian Finance Group (AFG) has announced that it has entered into an arrangement with Ruan Burger to work alongside its network of brokers and staff in Queensland in a contracted role.
AFG has formed the partnership with Mr Burger’s new business venture called Success & Broker, which Mr Burger said would be launched in the next few months.
The partnership is designed for Mr Burger to assist AFG’s Queensland brokers and staff with business structures, recruitment strategies, referral relationships, succession planning and growth opportunities, according to AFG.
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