A new online mortgage brokerage platform, Tella, has launched in New Zealand. The start-up claims it is the country’s first digital mortgage lending platform.
Tella is an API-driven digital platform for home loan applications, verification, and approvals that aims to bring change to an industry “notorious for its manual, process-heavy approach.”
The fintech platform says it’s designed for a tech-savvy audience who is comfortable online. Users can also access an educational component of the platform to make “informed and confident” financial decisions.
Tella adds that through its platform, customers can see home loan options through a range of lenders, instead of going to a bank, where you can only see their options.
The platform works with several banks and non-bank lenders, who pay a fee to Tella, to provide a range of interest rates and borrowing terms.
“As a fintech-focused company, innovation is in our DNA,” says Stéphane Mathieu, Founder and Director of Tella. “But we’re using it to transform what might otherwise be a daunting experience for homebuyers.
“Our focus on fintech makes it easier for them to navigate the process themselves, but the Tella team will always be there to help them on their home loan journey with a range of options and support tools. accessible.”