Mortgage Business
Tic:Toc highlights SaaS as turnaround time solution
By Annie Kane
23 April 2021
Home loan platform Tic:Toc has suggested that software-as-a-service offerings could help relieve larger lenders of the turnaround delays they are currently facing.
According to the CEO of Australian fintech Tic:Toc, Anthony Baum, the platform’s tech can approve a home loan in under an hour, with the fastest approval for a dual applicant mortgage having been 58 minutes from start to finish.
Speaking to Mortgage Business, Mr Baum noted that lenders – and particularly those servicing broker loans – had struggled with turnaround times recently, adding that Tic:Toc’s software as a service (SaaS) offering could help overcome these delays.