flagFounded: 2018

businessOwned by: ASX Listed

monetization_onFunded by: Blockchain securitisation

securityLMI Provider: Self-insured (no fee but maximum borrowing limit is 95%)

account_balanceLender type: Non-bank leveraging the cost benefits of blockchain

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Note: Australian Mortgage Marketplace (AMM) is not yet in operation in Australia.

Australian Mortgage Marketplace (AMM) is utilising blockchain technology to provide cheaper home loan solutions with faster approval and settlement times.

With automated assessment and and an advanced credit scoring algorithm, they’re also competing with banks on unique lending policies.

AMM expected to launch in late 2018 through a limited number of mortgage brokers and then in 2019 through a wider range of partners.


How do AMM’s home loans compare?

They’re great at

  • Low variable and fixed interest rates
  • Risk-based pricing which means strong borrowers can save even more
  • A quick online qualifier so you know if you’re approved within minutes
  • Quick settlements

But they’ve got some drawbacks…

  • Low doc home loans are not available
  • Guarantor loans not available
  • Maximum borrowing limit is 95% of the property value
  • They only accept low risk borrowers
  • Generally, not good at situations that aren’t “inside the box” or complex
  • Blockchain technology can be a little difficult to understand

What is a blockchain mortgage?

Blockchain mortgage technology allows Australian Mortgage Marketplace to reduce the average 42 days it takes from submitting an application to reaching settlement to about 5 days.

Because there’s less people involved in processing the home loan, it also means it’s cheaper for AMM to settle applications and they pass these savings on to you with cheaper interest and almost $0 fees.

But how does it work?

Basically, blockchain technology is a list of records linked together and “encrypted” or secured so they’re only accessible to authorised parties.

Right now, the public records required to formalise approvals and settlements is held by separate entities and government bodies like your state’s land titles office.

Rather than physically having to make a request, the blockchain environment provides a “ledger” that allows information and transactions to move securely between these entities online.

The use of this distributed ledger technology (DLT) technology would allow your loan contract to be generated automatically, set up your home loan account and transfer and register ownership of the property.

Compare Australian Mortgage Marketplace to other lenders

Not sure which lender is right for you? Our Home Loan Experts can help!

Talk to one of our mortgage brokers by calling us on 1300 889 743 or complete our

free assessment form.

  • Sephen

    I set up an SMSF last year, and it has around $120,000 of my super. I want to buy a property as an investment for my self-managed superannuation fund. My current home loan and my credit card are with Commonwealth Bank. I’m satisfied with their service so I want to get an SMSF loan from them. However, I recently heard that major lenders have pulled out of SMSF lending; does CBA still offer SMSF loans?

  • Hi Sephen,
    They were the last major lender doing super managed super fund (SMSF) loans till recently. Commonwealth Bank announced that they would no longer lend to SMSFs to invest in residential and commercial properties from 12 October. Luckily, we have other non-major lenders on our panel who do SMSF lending. Call us on 1300 889 743 or fill out our enquiry form https://www.homeloanexperts.com.au/free-quote/ and find out more about these banks that offer SMSF mortgages.