Mortgage disruptor Tic:Toc is developing mortgage broking operations in partnership with AFG, one of the biggest aggregators of brokers, as digital home loans heat up ahead of a looming refinancing wave.
The partnership will initially allow Tic:Toc, which offers home loans written by Bendigo and Adelaide Bank through its website and also sells loan assessment technology, to offer loans from AFG’s network if customers fall outside Tic:Toc’s credit criteria.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
