Faster, Safer Home Loan Applications with Automated Income Verification

Applying for a home loan has always meant gathering stacks of payslips, uploading documents, and waiting while someone double-checks everything. It’s stressful, time-consuming, and often slows down your approval.

That’s why the new Automated Income Verification feature, powered by Open Banking and available through NextGen’s ApplyOnline® platform, is such a game-changer for customers like you.

What This Means for You

Instead of sending multiple payslips and waiting days for them to be checked, your income can now be verified instantly and securely. With your consent, the system accesses your real-time banking data directly through Open Banking. This eliminates the need for piles of paperwork while ensuring the information is accurate and up to date.

The result?

• Faster approvals – no more long waits for manual document reviews.

• Less hassle – fewer forms and less back-and-forth.

• Peace of mind – knowing the process is built with strong cyber safety protections.

Why It’s More Secure

Your data security matters. Automated Income Verification uses Open Banking, a government-regulated framework designed to give you full control over who can access your financial data and for what purpose.

Here’s why you can feel confident:

• You stay in control – your consent is required before any data is accessed.

• Direct from the source – income is verified using official, real-time bank data, reducing the risk of fraud.

• Protected by compliance – Open Banking comes with strict safeguards to ensure your information is handled safely.

Unlike emailing payslips or uploading sensitive documents, this process greatly reduces the chance of personal data being intercepted or misused.

A Smoother Path to Approval

Buying a home is already a big life step—you don’t need the extra stress of delays and document hassles. Automated Income Verification helps you:

• Get decisions sooner, so you can move forward with confidence.

• Reduce errors and mismatches that can hold up your application.

• Enjoy a smoother, more customer-friendly experience.

The Bottom Line

With Automated Income Verification, the old way of digging through payslips and waiting around is finally over. Instead, you get a faster, safer, and more transparent application process—so you can focus on what matters most: finding your new home.