9th July 2007

World speed record for funding approval!

The Guinness Book of Records wasn’t present but we’re pretty sure we’ve won the world speed record for the fastest funding approval and settlement. See what happened for Jason McMillan of AFG one Tuesday afternoon earlier in the year...

Jason McMillan of Dynamic Finance, aggregating under AFG, called us on Tuesday, the loan offer was issued on Wednesday, the offer was accepted on Thursday, the funds sent on Friday for settlement on Monday.

Jason commented, "I was very, very impressed with how quickly the deal was done. After being consistently held up by another lender, and being granted a two week extension on settlement, La Trobe bent over backwards to get the deal finished for me. Nicole Waugh was tremendous."

Jason had the required information to us by email, which we were able to assess within the hour and our indicative sent by return email.

The Facility Agreement and Mortgage Documents were completed promptly and smoothly by our new LOAN CLOSER electronic settlements and documentation system.

Kevin Matthews, Executive Director of AFG, was most impressed when he heard about the speed of the whole process. Jason added, "Nothing for La Trobe is ever too difficult. Everyone gets co-ordinated and realistic turnarounds are achieved. It is great to deal with the guys of La Trobe and not have to go through a processing centre... Everyone at La Trobe knows what to do to make a deal work. It's quite refreshing in this day and age."

Our new Matrix is here, La Trobe Group Lending Matrix; you too may like to give us a try, and share some of Dynamic Finances' experience.

Best regards
Iain Pepper


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Iain Pepper
Head of Lending

Iain Pepper is a Vice-President and the Head of Lending for the La Trobe Group.Read full profile here.

La Trobe is one of Australia's leading independent specialist mortgage Financiers. Its business includes residential mortgages, commercial mortgages, and investment services operating one of Australia's largest Mortgage Funds under AFSL 222213. It employs over 145 staff and has raised over AUD$10Billion to assist over 100,000 customers since inception in 1952.

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