Pepper Money Award Market Price
A non-bank specialist lender, Pepper Money is a consumer finance company based in Australia and also operates internationally in Ireland, Spain, South Korea and the United Kingdom. The company offers residential mortgages, second charges and home equity loans. Its multi-award winning range of products is designed to cater for a wide range of people, from first-time buyers, to those who are self-employed or have adverse credit.
Non-conforming residential mortgages form a large part of the company’s business, and Rehayem said it’s “pricing for risk and assisting those that are typically overlooked by high street lenders”.
In fact, the company has recently seen a 35% increase in the number of loan originations in the UK. In Australia, the lender has a portfolio of approximately $5.0 billion1 in asset finance. Pepper Money’s asset finance offering includes car receivables, consumer and commercial equipment and marine equipment, which is sold via mortgage brokers, online auto brokers, commercial lenders, automotive dealers and original equipment manufacturers (OEM).
As the company continues to grow, Rehayem said it has invested in its technology. He pointed to the development of its new mortgage origination platform Solana as a key factor in its recent business growth. The solution streamlines the process for brokers by allowing them to upload information directly from their CRMs, with no need to re-key data. It also allows for a rapid ‘answer to yes’ with automated 피망머니상 시세 underwriting, and offers the option of direct contact for the client throughout the application process.
The platform also makes it easier for a broker to find an alternative option for a client that is declined by their first choice lender, or withdrawn due to lending conditions. Its Pepper Resolve feature, which integrates into a broker’s customer management database, automatically offers an alternative loan product within seconds of the initial decline. Rehayem said this is a major innovation for the industry and has been well received by customers.
Additionally, Pepper Money’s lending team is focused on delivering the best possible service to customers. “We’re looking for an outcome that is a win for the borrower, the broker and the business,” he said. “We appraise all documents and complete an underwriting estimate within 24 hours, which means that we can provide certainty quickly.”
Is It Safe To Take Out A Loan With A Non-Bank Lender?
Many consumers are concerned about taking out a loan with a non-bank lender. They worry that the loan may not be secured by a government guarantee and they might not be protected if their lender goes out of business. However, if you choose to work with a reputable nonbank lender like Pepper Money, rest assured that your loan is secure. Pepper Money is regulated by the Australian Securities and Investments Commission and, as a result, is required to adhere to strict lending practices.
In addition, if the lender does go out of business, your loan will be sold to another financial provider. This is why it’s important to research all of your options carefully before choosing a non-bank lender.