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.
Brokers gain instant access to customers’ financial data from more than 110 participating lenders
Customer-owned banks work closely with brokers on lending solutions
NextGen's tech tools making processes easier for brokers and lenders
CEO talks about symbiotic partnership, shared goals
Push for CDR as government seeks to regulate screen scraping
Impressed by calibre of entries on industry's night of nights
Major banks roundtable discusses key industry issues
NextGen discusses open banking opportunities amid proposed ban
Everyone in industry has a part to play, founder says
The campaign helps mutuals get started on open banking