Media Coverage: Making sense of digital-only loan options – MPA

Despite the growing focus on digital-only loan platforms, experts say brokers have a vital role to play in assisting borrowers achieve their lending dream.

Australian Property Home Loans broker Adele Andrews said the role of the mortgage broker was to provide as much choice as possible for their clients and align their goals, objectives and wants with the right lender product.

“Online lenders complement the suite of lenders I have as options for my clients – but at the end of the day, if their product does not stack up in terms of policy, features, fees and rates, it won’t make a difference whether they are online or not,” Andrews said.

“There is no doubt that the market is becoming less concerned about having access to a branch network, but an online differentiation without the product or policy to support it, simply isn’t enough.

“If the client is going to save money using that product and it aligns with what they seek to achieve, that is all that matters.”

Read the full article here from MPA.