AMP Bank has introduced electronic signatures for home loan applications, among a range of banking upgrades announced yesterday.
It has also launched an enhanced digital identity verification process. It will no longer require that documents be verified in person.
Other changes include a digital pre-application form and a free report on the property they are interested in.
AMP Bank managing director said all borrowers would have the option of e-signing their loan contracts and, in some states, their mortgages.