Australia's Newest Fintech - Set to Shake up a Backwards Industry

Melbourne– Wednesday 23 November 2016
A new online mortgage finance platform, Loanseeker, empowers Australian consumers for the first time to broker their own home loan, with real-time support and advice, triggering the onset of a new era in property finance.
Launched today, Loanseeker redefines the way consumers secure a mortgage, establishing the third
major wave in the property finance industry: consumer-brokered home loans.

The Loanseeker online service gives the consumer access to the tools and information that traditional brokers use to find a home loan, across a wide range of lenders, providing them with the power to decide what is best for them.
Creator and of Loanseeker, Matt Reece, said: “The Australian property industry is ready for
disruption and in desperate need of a technology shake up.
“For the first time in Australian history, Loanseeker puts the consumer in the driver’s seat to broker their own mortgage.
“Secondly, Loanseeker’s home loan experts that provide advice do not personally receive sales
commissions. This is a big break from the way that traditional mortgage brokers operate.
“Loanseeker takes out all of the filters and pre-decisions that traditional brokers apply before making a recommendation to a home buyer and instead offers full transparency, putting decision making power in the hands of the consumer,” he said.

Most financial transactions and research is now conducted online and the power has shifted to
the consumer across virtually every industry. Home loans are one of the last financial services
to make the move, due to the enormity of the purchase and the perceived complexity of the
process.
Loanseeker allows consumers to access real-time home loan rates based on their personal situation -
not just advertised rates. These next generation tools – that in the past only a traditional
mortgage broker would have access to – allow them to calculate their borrowing power across
lenders, save and share their data with someone else getting the home loan, and select the
option that best suits their needs. The entire system is built on the premise that if people had the
right knowledge and access to information, they could do better for themselves.
The entire Loanseeker loan application process can be done from a desktop, tablet and smartphone,
and is supported by a team of experts who can help with real-time advice, when a consumer
wants it.
Mortgage brokers have historically been incentivised and rewarded by the size of the loan they
sell and the lender they recommend. Loanseeker home loan experts are not paid any sales commissions; they are salaried employees incentivised on consumer satisfaction. The commission that Loanseeker as a business receives from lenders in no way affects the likelihood of a home loan being recommended to a consumer.
Experts are available from 8.00am – 10.00pm on weekdays and to 5pm on weekends.
To get started or for more information, visit: www.loanseeker.com.au

Media Contact
Matt Reece, Loanseeker CEO
E: matt.reece@Loanseeker.com.au
M: 03 93984862

Loanseeker is a online platform that lets consumers broker their own home loan deals with the help of their team of expert mortgage brokers

530 Little Collins Street, Melbourne, Victoria

This release was published on openPR.