REA Group
(ASX:REA) has announced its property search platform realestate.com.au has partnered with National Australia Bank
(ASX:NAB) to create an integrated digital home loan experience.
Consumers will be able to access a suite of NAB home loans, a realestate.com.au branded white label product and loans from a panel of other lenders.
Realestate.com.au will receive funding from NAB to develop the platform and will also earn commissions from home loans settled.
REA Group CEO Tracey Fellows indicated the move is in line with the company’s strategy to diversify and build new revenue streams for the business.
REA Group reported a net profit of $253 million at 30 June 2016.
