MA Money launches service to speed up refinancing

MA Money launches service to speed up refinancing | Australian Broker News


MA Money launches service to speed up refinancing

Launch made in partnership with FMS


Abigail Adriatico

MA Money, a non-bank mortgage lender, has introduced the launch of its FASTRefi service in partnership with FMS. The service will permit brokers to speed up the refinancing course of for his or her shoppers throughout its mortgage merchandise, which additionally embody full doc and alt doc.

Speaking on the service’s launch, MA Money State Manager NSW/QLD/VIC Tim Lemon expounded on the distinction that the brand new service will present to the appliance course of as it’s going to permit a refinance to happen inside a couple of days in contrast to the weeks which have been the norm.

He added that this speedy course of will bypass the requirement of arranging a settlement with the outgoing monetary establishment (OFI) prior to the appliance.

“We’re very excited to launch FASTRefi and we’re providing this service throughout a variety of mortgage merchandise, from prime to specialist,” stated Lemon. “It’s a easy course of via MA Money – choose FASTRefi in LoanApp, and we care for the remainder.”

Clients who use the FASTRefi service will see funds obtained inside a matter of days after returning signed mortgage paperwork. Customers may even see a streamlined cash-out course of in addition to elevated transparency since they are going to be ready to absolutely know when their new mortgage will turn out to be activated.

Lemon stated a dealer’s consumer will probably be ready to rapidly entry their funds as a result of they may don’t have any want to take care of the discharges crew of their present lender.

“This will make an actual distinction to shoppers wanting to use cash-out for a mission like a renovation,” stated Lemon. “This service not solely advantages our dealer companions but in addition considerably improves the expertise for our valued clients.”

The FASTRefi service is seamlessly built-in into MA Money’s toolkit, which will probably be enhancing its credit score course of via its 48-hour SLA for conditional approval.

MA Money specialises in residential loans geared in direction of clients which can be in want of a versatile various that may match what they want.

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