Security standard maintained for loan processing tech
Legal services and mortgage processing technology provider Lextech has achieved ISO 27001 re-certification for its national mortgage settlement platform, confirming its compliance with international information security standards.
According to the company, its platform is used by more than one-third of Australian lenders and facilitates billions of dollars in property transactions each year.
The firm added that the ISO 27001 certification, which is recognised globally, demonstrates its approach to managing data protection, risk, and regulatory compliance across its loan processing operations. The re-certification followed a comprehensive external audit.
In June, Lextech announced the appointment of two new senior executives as part of its ongoing expansion strategy. David Hobley was named chief technology officer and Theo Tragoudistakis was appointed chief financial officer, with both roles intended to strengthen Lextech’s leadership as demand increases for its integrated legal and technology services.
“ISO 27001 accreditation is just one element of Lextech’s broader secure by design strategy,” said Peter Maloney (pictured), chief executive of Lextech. “The platform has been purpose built to protect sensitive transactions at every stage, with features including multi-factor authentication (MFA), encrypted communications, secure mortgage document sharing, digital signing, and real-time identity verification services.
“Security is built into every layer of our platform, and we’re not just meeting the standard, we’re actively enabling secure interactions between lenders, brokers, borrowers and legal professionals.”
Lextech said all customer data is stored within Australia, governed by local law, and supported by Australian-based teams. The company highlighted its responsibility to maintain high security standards for lenders, brokers, and legal professionals using its services.
“Australia’s regulatory environment demands strict measures for the financial services and real estate sectors,” Maloney said. “Lextech’s ISO 27001 certification demonstrates its role as a trusted, secure partner to banks, brokers, legal professionals and integrated technology partners.”
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