LoanOptions.ai and Afterburner AI form strategic alliance to transform digital lending space across Australasia

While the recent Australia’s Economic Roundtable discussions considered the implications of Artificial Intelligence (AI) on jobs and productivity, innovators are already implementing solutions – driven by AI.

Among them: Afterburner AI and LoanOptions.ai, two businesses, which have just entered a strategic alliance set to redefine the digital lending landscape. The collaboration will provide mortgage advisory businesses across New Zealand and Australia with integrated end-to-end AI-driven productivity, compliance and profitability gains.

While both companies have been individually recognised as AI innovators, this collaboration creates a powerful, end-to-end workflow for financial professionals.

LoanOptions.ai‘s white-label HAILO technology handles the crucial first half of the loan journey, streamlining client onboarding and the application to take as little as five minutes. The complete, verified application is then seamlessly pushed to the aggregator CRMs. From there, Afterburner AI’s technology takes over to automate the remaining backend processes, from serviceability calculations and document refilling to compliance checks. The alliance removes the traditionally cumbersome paperwork mountains that slow down the entire process, empowering advisors with a single, streamlined solution.

Afterburner Co-Founder, Geoff Christopher, said, “Financial service professionals across Australasia face the same challenge: too much time lost to admin. We started Afterburner to solve this key issue and have been growing fast in response to demand from the market. By aligning with LoanOptions.ai, we’re now able to not only double-down on our mission, but expand our capabilities to deliver a seamless end-to-end digital lending experience, from application to submission, for advisers, brokers, and aggregators across New Zealand and Australia.”

LoanOptions.ai Founder and CEO Julian Fayad, added, “This alliance is about bringing two complementary technology businesses together to eliminate friction from the loan process. We saw an opportunity to connect our industry-leading application and onboarding technology with Afterburner’s powerful administrative automation tools. Our aim is to empower advisers with the tools they need to respond to clients faster, with greater accuracy, and in full compliance that is industry leading.”

Afterburner and LoanOptions.ai’s alliance has the potential to improve productivity across the entire digital lending space, resulting in faster settlements and better customer experiences. Both businesses have agreed to respect existing commitments to other partners and retain their own IP, ensuring a collaboration that benefits the entire industry.