Monday 28 November, 2022
Rising interest rates in 2022 have set the stage for what will be a busy 2023 for lenders as homeowners look to refinance.
In what is being foreshadowed as the ‘refinance cliff’, lenders are bracing themselves for a busy year.
An increase in lending volumes requires an increase in processing times unless we find a better way, which is why leading Australian lenders are making the shift to digital.
Speed up your processing times and reduce error rates, buy making the shift to digital mortgage documents – which can remove at least 10 business days from your process by not relying on traditional post for sending you loan contracts.
Shifting to executing mortgage documents digitally doesn’t have to be difficult. In fact, it’s the epitome of working smarter, not harder.
At Galilee, we understand the headaches caused by paper mortgages and the unnecessary stress they can add to all parties in the mortgage fulfilment process, this is why we created KWIL.
KWIL allows for a streamlined, digital workflow process that empowers Australian lenders to deliver faster mortgages whilst providing a world leading customer experience.
By leveraging KWIL, you will be able to deliver a refinance application within hours, not days, ensuring you are capturing market share.
Unlike other “off the shelf” digital workflow products, KWIL has been built by leading mortgage lawyers. As it’s Australian made and managed, KWIL is also able to remain 100% compliant with the ever-changing regulatory framework.
We would love to hear from you and discuss how KWIL might be able to support your businesses growth to ensure you are in a prime position to capture the refinance market in 2023.
For an initial discussion, reach out to the team today.
Find out how you can make your business competitive in 2023 with KWIL. Book a demo today.