Enhancing the Dynamoney lending platform

Updated On March 21st, 2024By Dynamoney

Dynamoney adds instant document access for brokers and enhances platform security.

Dynamoney has added a suite of new features to its lending platform, designed to help brokers complete loan applications and approvals faster, more simply and securely than ever before.

Starting this week, all loan documents will be available to brokers as soon as a deal is approved by Dynamoney. The Dynamoney platform will now also automatically generate Verimoto inspections for loan applications on behalf of brokers. Following the introduction of this, brokers will no longer need to order reports through the Verimoto platform itself making the application process easier.

These enhancements, alongside existing innovative features including the online document checklist, paperless settlements, electronic signing and OSKO payments means Dynamoney has reduced the time for loan applications and approvals from hours to seconds.

Additionally, to enhance the security of the platform and loan approvals, Dynamoney has added additional identity validation measures for loan applicants as part of the online review and approval process. Brokers will now be prompted to confirm meeting the applicant, helping Dynamoney streamline approvals and segment the need for further validation by the settlements team.

These enhancements to the Dynamoney platform are part of a year-long program of innovation that has seen average loan approval times fall significantly thanks to the integration of proprietary decision-making algorithms and a unique process underpinned by technology.

For more information about these enhancements to the Dynamoney platform, and if you have any questions about these changes, reach out to your Dynamoney contact.