MELBOURNE (CU)_There are two main factors which customers consider when taking a mortgage. The first and the most obvious is the price. A close second is the time taken to approve the application for the home loan. This has been one of the biggest challenges faced by the Australia and New Zealand Banking Group (ANZ), whose paper-based mortgage approval systems taking a total of 51 days for a mortgage approval, the slowest among lenders in Australia.
Accordingly, the Melbourne-based multinational banking company is looking to tackle the matter through a revamped digital transaction and savings account, ANZx, which is set to offer free financial coaching to customers and will eventually allow the approval of a home loan application within a matter of…
