Business
Aussie goes online: launches first digital mortgage, backed by Bendigo – The Australian Financial Review
Aussie Home Loans is making its first foray into fully digital home loans, launching a service to take on the major banks and new digital players.
Commonwealth Bank remains the owner of Aussie but its holding will reduce to a minority 45 per cent stake when a merger deal with Lendi goes through that will deliver Lendi shareholders 55 per cent of Aussie. Lendi will help Aussie create a fresh digital broking experience, while Tic:Toc provides direct-to-customer fulfilment capability from webchat, to loan assessment, all the way through to settlement.
Purely digital, end-to-end mortgages remain a small part of a very large market: customers who…
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