LoanCloser is a specialised mortgage processing business. Its sole function is to act on behalf of lenders for the settlement and registration of mortgage transactions.

Yet, LoanCloser is different to alternative systems and processes and traditional processing by law firms. As the only mortgage settlement system of its kind, it enables you to CONNECT. COMMUNICATE. COLLABORATE.

Complete control
With LoanCloser electronic functionality, the settlement process is virtually brought in-house. The Lender can now see and control the settlement process from approval to custody of the security documents. This means Lenders have both in-house mortgage processing and outsourced processing all on the ONE system under your control. Preparation and issue of mortgage documents are prepared instantly.

Complete transparency
All documents and data associated with the loan file are stored in one electronic folder, providing Lenders with a completely transparent audit trail. Not only are the manually operated and paper based elements of the settlement process eliminated, such as phone calls, faxes, paper exchange and couriers, you can access any document online at any time and from anywhere. Moreover, you can manage the timing of the settlement process to suit your commercial goals and borrowers’ needs.

Quick and easy to implement yet the benefits are immediate
Delivered as a “Software as a Service” (SAAS) over the web, LoanCloser is not an in-house, proprietary system that requires significant up-front investment. Instead, you will find LoanCloser is fast and easy to set up. With minimal implementation time and training, LoanCloser is ready for service very quickly and provides cost savings from the first loan processed.

Flexible and adaptable with minimal risks
By working from one central electronic file, Lenders yield significant productivity improvements. The electronic folder makes it easy to leverage and communicate with external parties. Its reporting mechanisms are real time, and the checks and balances in place provide Straight through Processing. Plus, as it integrates with existing systems, LoanCloser complements and enhances current practices and processes, and supports emerging industry standards. LoanCloser also offers tremendous flexibility to adapt as circumstances change, giving you true scalability and minimising financial and reputational risks. In addition, it provides a high degree of redundancy and security.

Cost savings
As well as how easy they find using the LoanCloser system, one of the most frequent comments from clients is how it has reduced their borrower’s costs. The time from a loan application right through to attending settlement is dramatically cut, enabling our clients to convert the loan sale much more quickly. Plus, when lenders have queries, LoanCloser has all the information to hand, so clients do not have to go back to their solicitors to check the answer. This gives lenders and their borrower’s a better experience.  

• Mortgage Documents for all states and Territories within Australia
   
• Lenders Loan Contracts
   
• Provides borrowers with real time email and SMS updates
   
• Immediate Mortgage Documents
   
• Integrates with existing systems
   
• Residential and Commercial mortgage processing
   
• Allows Lenders to monitor and control strict SLA’s
   
• Provides a complete audit trail
   
• Reduces operational and storage costs
   
• Provide legal advice
   
• Time and $$ savings
   
• Faster funding cycle
   
• Provides over 30 reports and mortgage summaries
   
• and much more