Office address: Level 35, 100 Mount Street, North Sydney, NSW 2060
Website: www.nextgen.net
Year established: 1993
Company type: financial solutions
Employees: 330+
Expertise: software development, application quality management, credit decisioning, electronic lodgment, origination management, integrated supporting documents, straight-through processing, fintech, loan processing, loan document production, and SaaS delivery
Parent company: N/A
CEO and key people: Brett Stanford, CEO
Financing status: private
NextGen is an Australian financial and technology service provider for the lending and mortgage industry. The company offers services such as electronic lodgment and loan processing solutions, while also holding regular webinars to educate and inform clients and followers.
Over the years, NextGen has partnered with companies like Beyond Bank and ThinkTank which have allowed the company to reach new milestones.
NextGen was established in 1993 by founder and executive chair Adrian Macleod. With over two decades of company and technological development, the organisation has managed to obtain a sizeable following and customers.
NextGen’s mission to simplify lending by equipping professionals with ApplyOnline and other advanced tools has since then streamlined the mortgage experience for all stakeholders.
NextGen's offers an array of products and services that simplifies business operations. Key offerings include:
NextGen believes in displaying their values through how they live each day. Through 5 promoted values, NextGen commits to operate and behave as a unit towards a collective goal. These 5 key values are:
NextGen is a proponent for supporting and raising charity events for deaf children. Loud Shirt Day is an annual fundraiser that the company participates in where they wear bright coloured shirts for a day. The company also supports Multiple Sclerosis Research Australia to promote awareness and development.
NextGen appointed Brett Stanford as CEO in 2021. His expertise in the field of finance includes loan origination, leadership, processing technology, organisational strategy, and open banking. For over 27 years, he has worked multiple roles for NextGen, such as Programme Lead, Programme Manager, Applications Director, and CEO of NextGen Sports.
Stanford has a diploma in Applied Finance & Investment from FINSIA and a BTech Communication Systems degree from Macquarie University.
As NextGen continues to develop their technology to simplify business operations for brokers and lenders, the company will make significant strides in the future. The company's dedication to improving the loan process from application to settlement will help them adapt to economic changes.
In 2024, NextGen’s research indicates that those who use their ApplyOnline platform will experience an increase in efficiency rate with quicker approvals on home applications. As their year starts off with good news, the company is headed towards a more positive outlook.
Up to 90 minutes being saved per deal following open banking tech integration at national brokerage
Platform to unify lending operations and enhance broker experience
MPA thanks tireless efforts of judges in making AMAs the best night in mortgage finance
Innovation can only happen when brokers are involved at every stage of the process. It’s a relationship business after all
Integration into ApplyOnline aims to reduce friction point in lending process
Aggregator unveils new training initiative to help brokers harness artificial intelligence
Bank's glitzy new lodgement platform ticks all the boxes, now it needs to deliver a better customer experience
New integration will give access to real-time financial insights
Customer-owned banks continue to fly the flag of dedication to their members amid large-scale consolidation, tough competition from the majors and a complex regulatory environment
Group seeks to accelerate loan approvals
