Traditionally, financial products are selected off-the-shelf and applied for. Financial products of the future are tailored for the individual and then offered for their acceptance.
Before Home Loans of Oz, banks and lenders developed mortgage systems that replicate their traditional paper-based processes. That is, they use websites to market their products and package loan applications to be assessed by traditional credit underwriters before an approval is granted.
This traditional approach creates uncertainty for the consumer in their home loan journey. Is the product right for me? Will I get approved? Am I getting a good deal? This traditional process is out-dated, expensive, and slow.
At Home Loans of Oz, we take an entirely different approach…