Rate Money achieves $8 billion milestone in settled loans
Rate Money has hit a significant milestone by surpassing $8 billion in settled loans since its establishment in 2019. The company has seen rapid growth, with $4.5 billion achieved in the last two years alone. CEO Ryan Gair expressed excitement about reaching this milestone in a short period and highlighted the company’s focus on reshaping the mortgage industry for self-employed individuals. Rate Money has eliminated various fees for over 8,000 customers and was the first to remove clawbacks without risk fees. Gair emphasized the company’s dedication to fair business practices and customer service.
Technology and product innovation have played a crucial role in Rate Money’s success, with investments in custom CRM systems and automated workflows reducing error rates and turnaround times. Recent product enhancements, such as a tax return product for self-employed customers, have simplified the loan process. Exclusive funding arrangements have enabled a faster transition from low/alt-doc loans to full-doc loans. Gair emphasized the company’s commitment to supporting customers, brokers, and franchisees through tailored solutions and ongoing innovation.
Rate Money looks forward to continuing its work of transforming the mortgage industry for the better and helping self-employed Australians succeed. Readers are invited to share their thoughts on Rate Money’s latest milestone in the comments section.
Rate Money achieves $8 billion milestone in settled loans
Rate Money achieves $8 billion milestone in settled loans
Rate Money has hit a significant milestone by surpassing $8 billion in settled loans since its establishment in 2019. The company has seen rapid growth, with $4.5 billion achieved in the last two years alone. CEO Ryan Gair expressed excitement about reaching this milestone in a short period and highlighted the company’s focus on reshaping the mortgage industry for self-employed individuals. Rate Money has eliminated various fees for over 8,000 customers and was the first to remove clawbacks without risk fees. Gair emphasized the company’s dedication to fair business practices and customer service.
Technology and product innovation have played a crucial role in Rate Money’s success, with investments in custom CRM systems and automated workflows reducing error rates and turnaround times. Recent product enhancements, such as a tax return product for self-employed customers, have simplified the loan process. Exclusive funding arrangements have enabled a faster transition from low/alt-doc loans to full-doc loans. Gair emphasized the company’s commitment to supporting customers, brokers, and franchisees through tailored solutions and ongoing innovation.
Rate Money looks forward to continuing its work of transforming the mortgage industry for the better and helping self-employed Australians succeed. Readers are invited to share their thoughts on Rate Money’s latest milestone in the comments section.
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