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Gateway partners with home loan fintech LoanDolphin to bolster mortgage base

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Sydney, 9 February 2017: Gateway Credit Union has today announced a partnership with start-up online mortgage finance platform LoanDolphin in a bid to expand its footprint in the mortgage market.

The partnership will see LoanDolphin customers gain access to a range of Gateway’s award-winning home loan products through the online platform.

According to Richard Wong, Senior Manager, Strategic Alliances at Gateway Credit Union, the partnership will allow Gateway to stay competitive and broaden its market reach through a complementary channel to its broker market.

“New technology has certainly shifted the mortgage ecosystem. Customer demands and needs have changed dramatically and as a result we’ve seen a number of new online mortgage finance platforms emerge and begin to disrupt the industry.

“As an affiliated lender for LoanDolphin we’re able to tap into this disruption and interact with customers in a way that suits them best,” said Mr Wong.

Ranin Mendis, CEO and co-founder of LoanDolphin, commented on the partnership: “We’re pleased to expand our stable of lenders with a great addition like Gateway Credit Union. Providing customers with the best offers and rates on their home loans is at the forefront of what we do. We’re looking forward to having Gateway on board to help us achieve this.”

Mr Wong said Gateway will continue to collaborate with fintech companies in a bid to foster innovation.

“Developing mutually beneficial relationships with start-ups in the fintech space is one way for us to keep our business competitive while continuing to deliver the best outcomes and experience for our members.

“Helping to foster innovation in the industry is a win-win for both customers and organisations.

“We’re always open to seeing what new market entrants have to offer if it means improving products and services for the benefit of our members,” Mr Wong said.

END

About Gateway Credit Union

Gateway Credit Union is one of Australia’s leading customer-owned banking institutions, serving as a trusted financial partner to its Members for over 60 years’. With over 30,000 Members across the nation, it offers award-winning personal banking products from home loans, car loans, and personal loans to fee free bank accounts, high interest savings accounts and term deposits. With a strong focus on empowering its Members to achieve their hopes and dreams, the Gateway name is synonymous with trust, transparency and reliability. 

About LoanDolphin

LoanDolphin, pioneered the innovative, cloud-based 'Loan Bidding Platform’ where banks and mortgage brokers compete to win your business. Founded by two ex-bankers, LoanDolphin operates from the Sydney fintech hub Stone and Chalk and is backed by H2 Ventures. LoanDolphin aims to make a positive impact on society every day, with a mission to be the leading consumer financial marketplace. To find out more, please visit https://www.loandolphin.com.au/#/