About
Nano has achieved the world’s fastest mortgage approval in 3m18s, revolutionising the customer experience, and delivering superior efficiency for banks who use their origination platform.
Innovation presentation
Nano is a technology company, and our first innovation is a loan origination platform that reimagines the mortgage approval process with full approval in
Uniqueness of the project
NANO HAS DEVELOPED THE WORLD’S FASTEST HOME LOAN:
Getting home loan approval is slow, often taking borrowers weeks. A May 2022 survey showed that >70% of Australian’s waited from 1 to over 6 weeks for approval. This causes borrowers enormous stress and anxiety as they wait for a decision on what often is their biggest financial commitment.
Nano has obliterated approval times. Nano’s fastest home loan approval is 3m18s, and almost 50% of applications receive full approval the same day they complete.
NANO’S TECHNOLOGY STREAMLINES THE APPROVAL PROCESS:
Unlike most lenders Nano offers a digital decision, not just a digital application, which means credit checks, financial assessment, property valuation and identification are all completed instantly and in parallel to the borrower completing their application. By comparison, most traditional lenders begin their manual credit underwriting only after an application is submitted. At Nano we do this in real-time by combining our proprietary algorithms with ingested third-party data (such as a property valuation and credit score) to make an accurate assessment without paperwork or human intervention so we can give customers full approval in
