HashChing In The News

A peek into the latest on Hashching.

December 19, 2016

Hayden becomes COO of mortgage marketplace

The former CEO of the Mortgage & Finance Association of Australia, Siobhan Hayden, has become the new chief operating officer of marketplace and home loan deal gateway HashChing... READ MORE ›

November 23, 2016

Hashching creates virtual ID system for first fully-digital loan approvals

Hashching, a website for home buyers to choose mortgage brokers, has built the first fully-digital process for home loan verification in Australia, which would allow banks to comply with strict regulations for identifying clients without having to send them to a branch... READ MORE ›

November 18, 2016

Why you should never give up on mortgage discounts

VALAY Shah is a great example of how it pays to never give up chasing a better deal on your mortgage. Mr Shah used online marketplace HashChing, which connects borrowers to highly-rated mortgage broker in their area.... READ MORE ›

October 26, 2016

HashChing named as the Emerging Star in Global Fintech 100 2016 report

HashChing has the potential to carve out a niche in the Australian lending space, traditionally dominated by the big four banks. The validation of our product is visible from the $2 billion worth of home loan applications we have processed so far and the more than 1,200 brokers that are registered on our platform ... READ MORE ›

October 24, 2016

Artificial Intelligence driving HashChing growth

We’ve built an algorithm which learns from brokers’ behaviour. The purpose of doing this is to make sure all the good brokers get as many good deals as possible... READ MORE ›

October 19, 2016

Broker platform hits $2bn milestone

An online portal that connects brokers with borrowers has doubled the value of loans negotiated through the platform in only three months.
HashChing reached its first $1 billion loan milestone within a year of operation. Now, three months later, it has doubled that figure to over $2 billion worth of home loan applications sent to almost 300 mortgage brokers registered on the platform.... READ MORE ›

October 12, 2016

Making technology work for you

Mortgage brokers, in a way, have alleviated some basic problems that plagued the mortgage industry, providing on-demand service, choice and hand-holding during the entire interaction with lenders. However, many unsuspecting borrowers choose to approach lenders directly, thanks to the lack of trust caused by popular misconceptions about brokers receiving conflicting remunerations or being influenced by lender commissions.... READ MORE ›

September 19, 2016

Fintech boom "exciting time" for mortgage industry

Former Mortgage & Finance Association of Australia (MFAA) chief executive Siobhan Hayden believes her decision to join the advisory board of fintech platform HashChing is one that will see her join an organisation that will be at the forefront of the industry’s digital evolution.After stepping down from her MFAArole in June, Hayden last week announced she would join the HashChing board alongside financial services regulatory lawye... READ MORE ›

September 12, 2016

Hashching cracking fintech's glass ceiling

Like the global technology industry more broadly, Australia's fintech scene is a very male-dominated world.While MoneyBrilliant co-founder Jemma Enright and Timelio founder Charlotte Petris are obvious exceptions, Australia's fintech entrepreneurs are mostly men. So are the vast majority of their venture capitalist backers and teams of software engineers. It's a similar pattern around the globe.But Siobhan Hayden says it doesn't need to be this way. The former chief executive of the Mortgage & Finance Association of Australia has a message for girls seeking to start fintechs to disrupt the... READ MORE ›

August 22, 2016

Home loan launched for entrepreneurs

HashChing has rolled out a new home loan product, with no credit score requirements, aimed at the founders and owners of start-up businesses.The terms and conditions of the home loan are more favourable to people with new or existing businesses, HashChing says.The loan, provided by a “leading specialty lender”, is available to start-up businesses that have been in operation for a minimum of three months. The interest rate is 6.24 per cent (fixed) or 6.54 per cent (variable) and a maximum loan to value ratio of 80 per cent is required.... READ MORE ›

August 17, 2016

Artificial intelligence delivers brokers increasingly hot leads

The creators of a mortgage broking fintech have integrated artificial intelligence technology into the platform that continuously learns from broker behaviour to deliver leads that improve each day. Launched late last year, HashChing is a young fintech platform that matches customers to a mortgage broker in their local area for further credit advice. Speaking to The Adviser recently, HashChing founder and chief information officer Atul Narang explained that his team has integrated into the platform an algorithm that learns from brokers’ behaviour.... READ MORE ›

August 10, 2016

Borrowers urged to use brokers to beat the banks on interest

Online lending disrupter HashChing also said there were “some incredibly low rates being offered by the majors behind the scenes”... READ MORE ›

July 25, 2016

A fintech mortgage platform has broken through a significant milestone following 12 months of rapid growth

Online home loans trader HashChing announced it has passed the $1 billion mark, as momentum builds for the Sydney-based fintech in the disruption economy.After its modest launch in August 2015 with the support of ‘just a handful’ of brokers spread thinly across Australia, the platform has now put more than 1,200 loan writers into its system.HashChing CEO, Mandeep Sodhi, said the platform has been able to achieve this level of scale because of its acquisition-friendly business model — where brokers are not charged fees, nor do they pay for leads.“Brokers only pay for loan settlements, w... READ MORE ›

July 20, 2016

Sydney home loan marketplace HashChing reaches milestone of $1 billion in loans negotiated through its platform

Sydney-based home loan marketplace startup HashChing has reached a $1 billion loan milestone as the fintech space builds momentum, announcing the news at yesterday’s H2 Ventures Fintech Expo, which saw a number of H2 Accelerator graduates pitch their startups to investors and industry guests.Now in its third year, the Expo was held in Sydney’s ASX auditorium, giving guests the opportunity to have a first look at various new and innovative products from fintech startups. HashChing was among the startups who demonstrated their products to the public, with others pitching including Birch, Cur... READ MORE ›

July 14, 2016

HashChing – meet the mortgage whisperers

MEET THE MORTGAGE WHISPHERERSShhhhhhhh!!!! How these two friends are shaking up a trillion dollar market
There’s a silent revolution sweeping the $1.5 trillion dollar Australian mortgage market – and it’s been started by two friends with a secret.Dubbed the Mortgage Whispherers, Mandeep Sodhi and Atul Narang are the founders of HashChing – an online marketplace for home loan deals that are so good - the banks don’t want you to know... READ MORE ›

June 1, 2016

The genesis of HashChing

In 2014, HashChing co-founder Mandeep Sodhi and I left our jobs and set out to solve some of the bigger problems faced by Australian home loan borrowers.From personal experience, we realised that contrary to popular advice, it is almost impossible to nudge lenders for rates that are better than those they have advertised.We also found that the key to lower rates lies with the mortgage brokers and digitising the whole experience will make it a breeze, which is exactly what sets HashChing apart from other comparison websites.... READ MORE ›

May 19, 2016

More brokers to cash in on lead generator

A mortgage lead generation platform has announced a new partnership with a global technology company that will see its number of broker users skyrocket.HashChing has joined forces with DocuSign – a program that allows businesses to securely sign documents electronically and send documents for electronic signature in just minutes.Atul Narang, CIO and co-founder of HashChing, said integrating DocuSign will significantly reduce the time it takes for brokers to become act... READ MORE ›

May 12, 2016

FIRST ON 7 News: Finding cheaper home loans

In an Australian first there is a licenced comparison website that has rates the banks don’t advertise. David Koch reports... READ MORE ›

April 26, 2016

Wealthy Chinese are backing a fintech that helps you buy homes in Australia

A Sydney-based fintech startup funded by wealthy Chinese migrants is looking to disrupt the Australian mortgage broking industry, after securing a $1 million institutional round by newly established Sapien Ventures.HashChing is Australia’s first online marketplace for home-loan borrowers, giving them access to deals from verified mortgage brokers from different mortgage groups.It aims to connect consumers to local mortgage brokers based on their deal preferences. A profile is then sent for each mortgage broker that gets their bill with ratings and reviews.... READ MORE ›

April 26, 2016

How a chance meeting led to a Sydney startup securing $1 million from a new VC firm

A chance meeting at an event last year has led to a Sydney startup securing a $1 million investment, the first from a new venture capital firm backed by Chinese investors.HashChing offers a marketplace for consumers to negotiate home loan deals with individual mortgage brokers and claims to be the first of its kind in Australia to give access to pre-negotiated deals from verified mortgage brokers.The startup was founded by former banker Mandeep Sodhi and his friend Atul Narang and has now secured the funding as part of the first investment from Sapien Ventures, a new VC fund launched last year... READ MORE ›

April 26, 2016

Sapien Ventures' first fintech investment is in Hashching

Wealthy Chinese migrants will help disrupt the Australian mortgage broking industry via an investment in Hashching, an online marketplace for home loans that is putting pressure on banks and their brokers.The investment will be the first for Sapien Ventures, which was established last year by Victor Jiang and has raised a $50 million fund to invest in fintech and online marketplaces. Much of the capital has been raised from high-net-worth Chinese migrants after changes to the Significant Investor Visa program last year that require migrants bringing $5 million into Australia to invest at least... READ MORE ›

March 17, 2016

Fintech startup HashChing is an online marketplace for borrowers and mortgage brokers

Buying a house is often one of the most important and expensive decisions someone will make. As such, you want the best expert advice that is not formed from biased opinions, but it can be hard to find. Banks are biased towards their own products and are restricted when it comes to operating hours. While it’s often hard to negotiate with banks to get a good rate on a home loan, the alternative is finding a broker, who can offer more choice and customer convenience. However, the trust factor again comes into the equation, with high fees and commissions pushed by brokers fast deterrents for th... READ MORE ›

January 22, 2016

Fintech business HashChing's focus on brokers

HashChing is an online home loans marketplace that instantly connects borrowers to verified mortgage brokers registered on HashChing based on the postcode and deal selected by the borrower. Mortgage brokers verified by HashChing get access to a customised dashboard that they can access on any internet enabled device allowing them to manage leads effectively from HashChing dashboard through appointment booking, SMS reminders, document filing, property reports etc. HashChing acts as a virtual admin assistant for brokers saving them hours of work and lost leads potentially.... READ MORE ›

January 19, 2016

Mortgage financing needs another digital push

The online channel is already well embedded in the financial services industry. However, more complex financial services could be moved online if providers get serious about improving digital origination.As per our 2015 Retail Banking Insight Survey, over 56% of Australians and almost 81% of New Zealanders used online banking weekly in 2015. Everyday banking has become primarily a digital service and the dominant way customers self-service, whether this is transferring money or notifying the bank of upcoming overseas travel. The one area in which digital channels lag is product origination, pa... READ MORE ›

December 9, 2015

Broker platform inks lead deal with listed property group

Brokers stand to receive an onslaught of leads following the announcement of a strategic partnership between an ASX-listed real estate group and a broker platform.Onthehouse Holdings Limited, an ASX-listed online real estate content and services platform, has entered into a strategic partnership with HashChing to provide its visitors access to home loan deals from local mortgage brokers.Through the partnership, brokers who use the HashChing platform will have their profiles appear whenever a prospective home buyer visits Onthehouse.com.au and searches a particular suburb.Unlike mortgage compar... READ MORE ›

October 21, 2015

The need to be shrewd in the property boom: How one FinTech business ensures buyers secure the best mortgage deal

It’s said that buying a property is one of the most stressful life events. Further, mortgage lender incompetence, bank and finance problems are in the top 20 most stressful aspects of selling a property. For two people, those frustrations spawned the next big idea to hit the FinTech industry.Mandeep Sodhi, a loyal customer to his bank, thought he had secured the best rate on his home loan. Atul Narang on the other hand secured a better rate on his loan through a broker – but it wasn’t that easy, having already experienced two bad brokers. With this experience, the pair joined forces to b... READ MORE ›

September 2, 2015

HashChing: E-Business Radically Reshaping The Future Of Mortgages

A quiet revolution Is happening online that could challenge the major banks’ home loans dominion.Cyberspace, as the frontier for consumer markets, is awash with stock standard Web 2.0 companies serving up a listof competing home loan offers. Leaving the consumer to wade through, assess and apply for mortgages. Now a newplayer has appeared offering a new platform that manages this process from start to finish with minimum effort andmaximum value for the consumer."HashChing" launched its initial trial in May 2015 having raised $100,000 in seed investment. The crucial differencewith this platfo... READ MORE ›

August 14, 2015

Fintech start-up delivers hot leads to brokers

Over 800 brokers have registered their interest in a new fintech start-up that connects them to borrowers in their local area.HashChing launched in May and has made no secret about its plans to disrupt the Australian mortgage market.Unlike mortgage comparison websites that channel prospective borrowers to lenders, HashChing sends customers to a mortgage broker in their local area for further credit advice.Until July the business was offering a free trial to a select number of brokers. Since then demand for the service has surged.HashChing CEO Mandeep Sodhi told The Adviser he has 850 brokers o... READ MORE ›

August 10, 2015

Start-up delivers access to cheap mortgages

It is a never-ending battle for consumers to seek out the cheapest home loans in the market. With interest rates at record low levels, consumers are actively searching to lock in mortgages for as long as possible before interest rates start to rise and property prices begin to fall.Besides trawling through the regular financial institutions such as banks and established mortgage lenders online for the best deal, a range of loan comparison websites have entered the market.HashChing is one such company claiming to be 'Australia's first online marketplace for home loans'."HashChing is the only pl... READ MORE ›

June 26, 2015

HashChing gets top rating on Financial Innovation by Datamonitor Financial ahead of its launch

HashChing is an Australia-based online marketplace that harnesses the negotiating skills of brokers to provide competitive rates on loans and mortgages. HashChing enables brokers to reach a wider audience, but also build trust with consumers as well as developing their own brand. Consumers can post reviews of brokers and loan providers on HashChing’s website. HashChing is distinct because it fuses together the brokerage channel with pricecomparison websites....... READ MORE ›

May 25, 2015

Meet five fintech start-ups seeking to disrupt banking

In a small, modern office at the Circular Quay end of Pitt Street in Sydney, 10 fintech entrepreneurs, working for five different start-up companies, are beavering away on business models seeking to disrupt banking.Investor presentations are being honed. Websites are being updated. Developers are being quizzed. Advice is being received from one another.This group of Millennials is approaching the end of a six-month stint in the accelerator program at AWI Ventures, an incubator run by venture capitalist Toby Heap.A graffiti-covered internal wall and bright paint in two transparent conference ro... READ MORE ›

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