A First for New Zealand! Select Announces Straight Through Processing

In a game-changing move for the NZ lending market, Bluestone and NZFSG / Loan Market has gone live with straight-through processing via a direct integration between NZFSG / Loan Market’s CRM system, MyCRM3, and Bluestone’s lending platform under the “Select” brand.

This makes them unique among NZ lenders. The MyCRM3 integration streamlines application processing in a way never seen before in New Zealand, allowing electronically submitted home loan applications to be approved faster than ever.

This market-leading integration will mean that advisers can lodge directly from MyCRM to Select. This will help to provide faster turnaround times for deals, leading to quicker responses for customers.

Brendon Smith, CEO of NZFSG states, “We’re really excited about the new system. It will speed up approval times and increase efficiency, so customers can get faster answers. It’s completely unique in NZ as the first system where there isn’t a third party involved – instead applications go direct from MyCRM to Bluestone. For us it’s really about faster customer outcomes, being more efficient and being able to scale in a sustainable way, as well as protecting customer data.”

Peter Wood, Managing Director of Bluestone NZ states, “It’s a really exciting milestone for our business and demonstrates our commitment to delivering best in class product, process and systems to enable better outcomes for our business partner and its customers.”