realestatebusiness logo

Subscribe to our newsletter

Nimo teams with mortgage settlement tech

Melbourne fintech Nimo Industries has partnered with legal firm Purcell Partners to integrate its mortgage settlement technology onto its lending platform.

Purcell Partners’ LEXTECH has been added to Nimo to form what the companies have called the first enquiry to settlement platform for lenders.

Nimo chief executive Peter Jones said the embedding of the LEXTECH system is a white-labelled solution that “can be delivered to market immediately”.

Jack Meredith, head of operations at Purcell Partners, added: “With the Nimo partnership, LEXTECH now delivers a digital experience and capability from acquisition through to fulfillment.”

The pair are targeting new loan market entrants with the offering, promising competitive start-up costs and stating an effective digital lending channel has become a “business imperative” during COVID-19.


“Arranging finance and settlement for a home loan has just become easier and less stressful for both customers and lenders, and we can do better for our customers by delivering more flexible interactions and reducing the stress in their daily lives,” Mr Jones said.

[Related: REA acquires interest in mortgage lodgement platform]

Nimo teams with mortgage settlement tech
Nimo teams with mortgage settlement tech

Latest News

While the central bank went hard on its third consecutive 50-bp hike – without considering another option – the August minutes reveal it...

The state’s Premier has said residents impacted by this year’s floods will be offered buy-backs and land swaps, however no date has been...

Australia’s regional homes are following trends observed in capital cities, with prices dropping by 20 bps over the three months to July. ...


Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

Do you think the new NSW property tax will help or hinder first home buyers?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.