Service and Flexibility
Challenger specialises in funding residential and commercial loans to borrowers in Australia and New Zealand. These loans are delivered through a vast network of accredited Preferred Lenders. The Preferred Lenders include mortgage originators, mortgage managers and other professionals who offer loans under their own branding to their clients.
Technology
Challenger continues to be at the forefront of implementing technology to make the application and servicing of loans as quick, simple and flexible as possible. The technology used by Challenger includes LiteWork, a loan processing system which offers online loan decision making in seconds. The technology used in LiteWork is regarded as one of the leading loan processing systems in Australia.
Service to Support Our Business Partners
Challenger is committed to providing the highest possible service standards. As a white label funder, our business is dependent on the success of our Preferred Lenders and we strive to provide high quality training, technology and marketing support to ensure the success of our Preferred Lenders.
Innovative products to keep our partners ahead
Challenger offers both prime and non-conforming products in full and low documentation formats. This product range allows Preferred Lenders to attract and retain clients whether or not they fit traditional lending criteria. Our Internet based services can provide benefits to Preferred Lenders including their own branding, on-line loan applications, reports and borrower access.
We understand the need for innovative product development to ensure our Preferred Lenders are at the leading edge of the residential mortgage industry. On-going product development is a critical part of commitment to ensure our competitiveness in the market and Challenger has invested heavily in product research and development.
Challenger Commercial Lending also offers commercial property loans funded through Challenger's Howard Mortgage Trust. Established in 1985, it acts as the mortgage originator and manager of loan assets for the Howard Mortgage Trust. Loans are used for commercial or investment purposes, with acceptable securities including: commercial, industrial, retail and residential properties.
Challenger at a glance
- One of Australia's leading lenders
- Offers a range of residential & commercial mortgage loans, including both prime and non-conforming loans in full and low documentation formats
- Flexible leading edge technology to support clients
- Fast loan application turn around
- Unequalled service for Preferred Lenders
- Standard & Poor's top servicer rating for managing and servicing loan portfolios
- RMBS carry a AAA rating by Standard & Poor's, Moody's, and Fitch
