2020 Innovation Name: Lendi Approval Confidence
Awards: 10th Most Innovative Banking, Superannuation and Financial Services Company
The Lendi Approval Confidence technology provides customers with a real time rating as to whether their loan application is likely to be approved by multiple lenders. Typically, borrowers must submit a home loan application and then wait weeks before getting feedback from the lender as to whether they meet requirements and will have their loan approved. Lendi customers can now ascertain whether they meet a lender’s requirements, subject to verification, in under a hour and in one single online session that doesn’t impact their credit score.
Approval Confidence is enabled by world-first direct integrations between the Lendi platform and the back-end decision engines of some of Australia’s biggest banks and lenders.