Opening new doors for Australian mortgage borrowers
Looking to build new products and scale without extensive customisations to legacy code, Bluestone migrated to a more flexible digital lending platform to support their growth journey.
- portfolio under management (A$)
- growth post-implementation
BLUESTONE
About the customer
Bluestone is a fast-growing Australian non-bank lender specialised in prime and non-prime residential home loans with offices across Australia, New Zealand, and the Philippines
- A$11bn in home loans under management
- 51,000 Aussie and 13,000 Kiwis customers
- Launched in 2000 in Sydney, migrated to Mambu in 2021
The challenge
Breaking free from legacy
Having reached A$11bn portfolio under management, Bluestone was struggling with the existing legacy loan management system. They were unable to create and expand existing product set without extensive customisations to legacy code. In 2020, Bluestone decided to migrate their legacy to a more flexible, agile digital lending platform that can support their growth journey.
“The immediate benefits of our new lending platform, powered by Mambu, are obvious in terms of improved efficiencies and better broker and borrower experiences.”
- Mark Jones, CEO of Bluestone
The solution
Mortgages, reimagined
The upgraded, digital lending platform includes a significant number of new features and improvements, including a suite of new loan origination and servicing capabilities, and takes Bluestone from a legacy system to an Amazon Web Services (AWS) hosted, cloud based platform, powered by Mambu.
The impact
Built for scale
The upgraded digital lending platform has resulted in 25 per cent growth for Bluestone for the quarter following the implementation, with this attributed to the combination of the use of the latest technology and Bluestone’s personalised approach to each application.
Helping Bluestone reinvent home loans
From legacy tools to a flexible and agile digital lending platform hosted on Amazon Web Services (AWS), powered by Mambu, built for scale and growth.
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