Digital deals done in 90 seconds

The group has worked with Westpac to enable its advisers to lodge applications directly from their CRM system, Spark, to Westpac. Under this model advisers can get a qualified approval in 90 seconds and Westpac has undertaken to do a full underwrite in 12 hours.

MPM New Zealand manager Simon Frost says the process "adds value to the advisers' business."

While it has only been running six days Frost expects Westpac will get a greater share of applications from MPM's 47 advisers as the process is quick and helps advisers better meet the needs of their clients.

"Westpac have a competitive advantage in the market place," he says.