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86 400, Buyers Choice partner for extending digital home loans

86 400Sydney-based 86 400, a smartbank has signed an agreement with nationwide broker group Buyers Choice as the bank continues to grow its home loan distribution. Buyers Choice joins Vow Financial and SFG, giving more brokers across Australia access to 86 400’s approach to home loans. The 86 400 Own home loan can deliver a yes or no decision in 2 hours and enables digital verification of identity, digital collection of expense and income information and all documents are signed electronically.

George Srbinovski, National Manager, Broker Distribution of 86 400 stated, “We’ve covered some serious ground with our home loans product over the recent months, working with our initial group of brokers, continuing to grow and providing Australians a better deal on their home loan and the ability to give a yes or no decision in as little as 2 hours”

“As the industry adjusts to doing business remotely, our home loans allow brokers to continue their work while safely practicing social distancing. The entire process can be managed electronically, from VOI done via a mobile phone to expense and income data collection and signing forms online.”

Since the launch of the digital home loan product for brokers in November 2019, the bank has stated that brokers have been quick to take advantage of its digital solution.

Brett Mansfield, Director of Buyers Choice said, “86 400’s smarter approach to mortgages transforms the process of buying a home for Australians. We look forward to working with the team to provide our brokers and home buyers an entirely digital experience through these unprecedented times.”

To help build and grow its presence in the mortgage broking industry, The bank has recently expanded the mortgage distribution team with Zac Harb and Hien Nguyen joining the team, who will be focusing on the NSW/ACT and Victoria/Tasmania/South Australian markets, respectively.

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