Aussie startup, HashChing, accelerates mortgage broker registration with DocuSign
By Brad Newton, vice president, Australia and New Zealand, DocuSign
As housing prices continue to rise in Australia, the topic of affordability continues to divide the nation. That’s why HashChing is making real waves in the market as they are offering a real solution to a real problem.
As the first online home loan marketplace in Australia, home buyers can connect directly to mortgage brokers rather than having to go through the banks. They are a great example of a business model truly disrupting a traditional market; the only problem is managing the volume of brokers who want to sign up.
HashChing has implemented DocuSign to accelerate the registration process of its key user group, mortgage brokers, and sign up the 1,200 new brokers eagerly awaiting activation on the platform.
Before this, the lengthy process of signing mortgage brokers up to the HashChing service through archaic paper documentation was distracting co-founders Atul Narang and Mandeep Sodhi from their primary goal – creating a revolutionary service for the home loan market and scaling the business locally to its full potential. What started as a trial with DocuSign has proved a great success.
HashChing’s future is looking rosy. As of April 2016, it has processed close to 1,000 home loan applications worth $530 million and recently closed $1 million in funding from investment firm Sapien Ventures. DocuSign is thrilled to help contribute to their success.
It’s this kind of out-of-the-box thinking that DocuSign is aligned with. We also started out with a simple idea – removing paper from the last mile of business. We only hope we can help more startups realise their vision.