Australian Based Mortgage Brokering for the Future
The Shack Group is in discussions with leading Australian mortgage brokers and lenders to finalize plans for launching an online Australian finance center in the first quarter of 2008. Our intention is to make comparative financial appraisals quick and simple for everyone involved in the Australian real estate and property markets. Merchant accounts and ecommerce services have formed the foundation of many of our company projects, and the new venture is a natural extension of this work, solidifying our relationships in the Australian banking sector. Our development team is currently at work on building the software and database structure for the portal, and our financial team has already secured partnership support from over ten major banks in Australia for the project.
The current situation has consumers increasingly turning to online sources for information regarding the best rates for mortgage loans and refinancing. Online banking sites require not only the highest security measures across all levels of account processing, they also necessitate frequent updating to keep track of changing market rates. In developing relationships with the leading banks in Australia for our credit card processing and merchant account services, the Shack Group is now in a position to offer a broader range of financial planning services to the greater public. The creation of an online portal to serve the real estate investment community and housing markets is a major goal for the first quarter of 2009.
The functionality of the portal will be to provide consumers with a survey of mortgage loan providers from a network of local banks, allowing them to compare rates and choose providers that offer the best service. The software driven web interface will collect information on family income, investments, savings, and property values, and use secure site certificates to relay information directly to account managers in the local banks. Consumers can choose to sign up for a loan online, and the information will be transmitted securely to the bank for further processing. Analysis will be performed automatically as to a consumer’s credit rating, and loan rates will be calculated from a range of values in real time. Down payment information, preferred length of loan, property value, and neighborhood variables will also be processed with the user’s financial information algorithmically.
The Shack Group is bringing our internal software development teams, financial service account managers, web designers, technicians, and graphic artists together to produce an easy to use, full featured portal for these services. Investors and banks wishing to participate in this venture are invited to contact us directly by email or phone to discuss partnership arrangements. We will send a corporate account manager to your local branch office to discuss further development and present full details of the plan. Interested parties are encouraged to watch this web site for further announcements and information.