Athena Home Loans Partners with Q2’s Cloud Lending to Provide Digital-First Mortgage Lending Experience
29 August 2019 - 3:00PM
Business Wire
Australian fintech gained $250 million in home
loan applications within three days of launch
Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital
transformation solutions for banking and lending, announced today
that Athena Home Loans (Athena), one of Australia's first pure
digital mortgage providers, selected Cloud Lending (CL), a Q2
company, as its digital lending platform provider.
Leveraging the power of CL Originate™ and CL Loan™, Athena chose
CL for its digital-first capabilities, highly configurable
solution, security features and Salesforce integration designed to
enhance the customer experience.
“Athena was founded to upend the Australian mortgage lending
industry, which by nature is designed to keep people in debt to
their loans,” said Nathan Walsh, co-founder and CEO of Athena Home
Loans. “We’ve created a loan approval process that is 100 percent
transparent and is designed exclusively for the borrower. Cloud
Lending’s platform also creates new efficiencies for us on the back
end, allowing us to pass those savings onto our customers, who are
now getting a superior experience, competitive interest rates,
faster payoffs and no fees all in the same place.”
Founded in 2017, Athena formally launched its platform in
February 2019, surpassing $250 million in home loan applications
within the first three days of launch. Through Athena’s loan
platform, powered by CL, users can apply for a loan in as little as
15 minutes and receive a decision in a matter of minutes.
“We’re proud to partner with Athena to fulfill its vision of a
simpler, better borrower experience,” said Snehal Fulzele, senior
vice president and general manager of Cloud Lending at Q2. “Through
Cloud Lending’s platform, Athena can originate, settle and manage
loans through configurable and automated workflows to scale its
loan portfolio and transform the digital lending process for its
customers.”
To learn more about Q2’s Cloud Lending solutions, please visit
www.cloudlendinginc.com. To learn more about Athena Home Loans,
please visit www.athena.com.au.
About Q2 Holdings, Inc.
Q2 is a secure, cloud-based digital transformation solutions
company headquartered in Austin, Texas. Since 2004, it has been our
mission to build stronger communities by strengthening their
financial institutions. Our digital banking solutions for deposits,
money movement, lending, leasing, security and fraud enable
financial institutions to deliver a better financial experience to
their account holders. Our bank and credit union customers, along
with emerging financial services providers, also benefit from
actionable data analytics and access to open technology tools. To
learn more about Q2, visit www.q2ebanking.com.
About Athena Home Loans
Backed by a number of leading financiers including Macquarie
Bank, HostPlus, Square Peg, AirTree and Apex, Athena is here to
help Australians pay off their home loan faster. Athena was founded
in June 2017 by Nathan Walsh and Michael Starkey to revolutionise
the home loans industry and make it better in every way. Athena
built an innovative digital home loan platform to deliver savings
to borrowers, backed by local home loan experts, seven days a week.
They have built an experienced executive team with a track record
of delivering innovative products and outstanding customer
experiences.
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Emma Chase Red Fan Communications O: (512) 551-9253 / C: (512)
917-4319 emma@redfancommunications.com
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