#TICTOC HOME LOANS FULL#

#TICTOC HOME LOANS FULL#

We’re about being a platform that the industry can use on a full or module basis to create better experiences, efficiencies and compliance outcomes. “We don’t actually run a balance sheet ourselves: we’re not a securitiser and we’re not a self-funder. Tic:Toc’s comparison rates are calculated for a 150,000 loan over 25 years. We’re excited because we believe the industry is breaking down into brands, tech and balance sheet, and we are very much looking to play in the tech part of that. Investment loans also have comparison rates, and they’re used the same way as other home loan comparison rates: as a tool to more easily compare options from lender to lender. “We have about 15 customers on SaaS, including broker groups. We always had a passion for making our technology available to the industry and we now have customers using our tech both as a platform as a service basis and, increasingly, components of our platform on a Saas basis. “Concurrently, we’ve built our enterprise arm. We’re really proud to have built a business that has that market share.

“If you think about where we sit today, the pure digital home loan, B2C, is in the order of 3-5% of the market and we represent about 25% of that, according to Equifax. We’ve gone from creating a market – because the digital market was very much in its infancy when we launched – to what is now a meaningful component of the home loan ecosystem. Read more: Median capital city house price passes $1m as boom continues apace “2022 is significant for Tic:Toc because, in the middle of this year, it’ll be five years since we launched the first truly digital home loan proposition in the Australian market,” he said. Tic:Toc’s proposition has been based around its rapid loan approval times – under an hour in some cases – and onshore customer service operation, and CEO and founder Anthony Baum (pictured) was happy to chart the fintech’s growth since it hit the market in 2017.

Tictoc home loans