Australian mortgage market about to get disrupted

A new home loan service called uno could be the biggest disruption in the Australian mortgage market has seen since brokers emerged in the early 1990s. The uno online service aims to give consumers access to the tools and information that traditional mortgage brokers use to find a home loan.

Uno’s CEO Vincent Turner said allowing consumers to broker their own home loans is the third major wave of change in the Australian home loan market, after deregulation in the early 1980s that allowed non-banks to enter and the emergence of mortgage brokers in the 1990s.

Source: Mortgage Business