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.
New platform aims to streamline loan applications and support growing broker demand
Commercial lenders work closely with brokers to boost support
ApplyOnline platform improves loan processing efficiency and broker experience
AI, open banking provide major boost to brokerage businesses
Report provides guidelines for brokers on artificial intelligence
Her journey from a newcomer in Australia to a respected property and finance expert is both inspiring and instructive
Review of open banking finds major failings in system
Non-major banks roundtable discusses further investment in broker channel
Brokers gain instant access to customers’ financial data from more than 110 participating lenders
Customer-owned banks work closely with brokers on lending solutions
