Power Loans (Australia) provides white label balance sheet funding to mortgage managers in Australia. The mortgage funding line is sourced from ING Bank.

Power loans (Australia) is the processing powerhouse which streamlines the procedures of loan submission through to settlement. It adds a real competitive advantage to its clients by reducing operational cost and adding operational efficiency. This would otherwise have been required as part of the back office function for the managers.

Power loans (Australia) manages and maintains full risk and compliance for all loan applications. Products have the flexibility of writing the mortgages on the ING Balance sheet rather then insuring through the mortgage insurers. Further there is flexibility in insuring the products on the ING balance sheet. Power Loans (Australia) hold Lending authority to approve loans in house rather then sending to the funder.