MA Money launches service to speed up refinancing | Australian Broker News
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MA Money launches service to speed up refinancing
Launch made in partnership with FMS
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By
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 purchasers throughout its mortgage merchandise, which additionally embrace 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 is going to permit a refinance to happen inside a couple of days in contrast to the weeks which were 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,” mentioned Lemon. “It’s a easy course of by MA Money – choose FASTRefi in LoanApp, and we maintain the remainder.”
Clients who use the FASTRefi service will see funds obtained inside a matter of days after returning signed mortgage paperwork. Customers may also see a streamlined cash-out course of in addition to elevated transparency since they are going to be in a position to absolutely know when their new mortgage will develop into activated.
Lemon mentioned a dealer’s shopper will likely be in a position to shortly entry their funds as a result of they’ll don’t have any want to take care of the discharges group of their present lender.
“This will make an actual distinction to purchasers wanting to use cash-out for a venture like a renovation,” mentioned 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 likely be enhancing its credit score course of by its 48-hour SLA for conditional approval.
MA Money specialises in residential loans geared in the direction of clients which can be in want of a versatile various that may match what they want.
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