MA Cash launches service to hurry up refinancing

MA Cash, a non-bank mortgage lender, has introduced the launch of its FASTRefi service in partnership with FMS. The service will enable brokers to hurry up the refinancing course of for his or her purchasers throughout its mortgage merchandise, which additionally embody full doc and alt doc.

Talking on the service’s launch, MA Cash State Supervisor NSW/QLD/VIC Tim Lemon expounded on the distinction that the brand new service will present to the applying course of as it is going to enable a refinance to happen inside a couple of days in comparison with the weeks which have been the norm.

He added that this speedy course of will bypass the requirement of arranging a settlement with the outgoing monetary establishment (OFI) previous to the applying.

“We’re very excited to launch FASTRefi and we’re providing this service throughout a variety of mortgage merchandise, from prime to specialist,” mentioned Lemon. “It’s a easy course of by means of MA Cash – choose FASTRefi in LoanApp, and we maintain the remaining.”

Shoppers who use the FASTRefi service will see funds acquired inside a matter of days after returning signed mortgage paperwork. Clients can even see a streamlined cash-out course of in addition to elevated transparency since they may have the ability to absolutely know when their new mortgage will turn into activated.

Lemon mentioned a dealer’s shopper will have the ability to shortly entry their funds as a result of they may don’t have any must take care of the discharges workforce of their present lender.

“This can make an actual distinction to purchasers wanting to make use of cash-out for a venture like a renovation,” mentioned Lemon. “This service not solely advantages our dealer companions but in addition considerably improves the expertise for our valued clients.”

The FASTRefi service is seamlessly built-in into MA Cash’s toolkit, which might be enhancing its credit score course of by means of its 48-hour SLA for conditional approval.

MA Cash specialises in residential loans geared in direction of clients which can be in want of a versatile different that may match what they want.