Pepper Money Prize Market Price
Pepper Money Limited (ASX: PPM) is one of Australia and New Zealand’s leading non-bank lenders. It provides credit solutions including residential home loans, asset finance secured by cars and other collateral, small balance commercial real estate backed lending and loan and broker servicing. Pepper Money’s purpose is to help people succeed across its target markets, those who are underserved or undervalued by other industry participants.
Its unique mix of data analytics and technology 피망 머니상 시세 capabilities are designed to improve underwriting, conversion, and performance. This has been supported by an organisational shift towards composable, low-code platforms that have enabled rapid response to uplifts in business and enable future capability such as AI-driven on-the-spot credit decisioning.
In addition to its innovative product range, Pepper Money’s focus on customer care has contributed to its market-leading turnaround times for home loans. Brokers’ calls are typically answered within a minute and dedicated case owners are made available from application through to offer. The company also seeks to appraise all documents and provide an underwriting estimate within 24 hours, which provides customers with certainty in a timely manner.
The company also has a strong commitment to responsible lending, and its products are tailored to suit individual customer needs. Pepper Money takes into account income, expenditure, credit history and debt level when assessing applications. Its credit risk team works closely with the underwriting teams to ensure all applications are assessed on an individual basis and only where suitable, approved.
With an extensive network of brokers, the company is able to deliver competitive products and exceptional service levels. As a result, the brand is highly trusted by consumers and financial advisers, with a strong customer base that continues to grow.
Pepper Money has recently repriced its range of specialist residential and buy-to-let mortgages to reflect the current rising rate environment. The lender is offering a number of fixed rates for up to 75% LTV with a maximum of 95 basis points increase. Pepper Money is encouraging all brokers with existing decisions in principle to take advantage of these new rates before they expire.
Mike Cutter has over 30 years’ experience in the Australian and international banking and consumer finance industries. He has worked with a wide range of local and global businesses in leadership roles, including CEO of Sezzle, an ASX listed Buy Now Pay Later lender, and was previously the Chief Financial Officer of GE Money Australia and New Zealand. He has a deep understanding of the regulatory and economic environments in both countries, including comprehensive credit reporting regimes. He is a Non-Executive Director of the Oakwood Servicers Group and a member of the Risk Committee for Pepper Money.