A product for all Australians.
Launched in Melbourne in 2021.
RATETRACKER was given its first breath after Anthony & Sean attended a conference on Open-Banking and realised that this technology can be used for more than just Budgeting apps and Telco Companies.
As the team behind My Mortgage Freedom, one of Australia's most highly regarded mortgage broking firms, they understood how hard it was to manage thousands of existing clients interest rates.
Government Legislation changed for Open Banking in 2019. Ensuring that all banks must comply with their customers request to provide their product information to a competitor when asked to.
This paved the way for RATETRACKER to serve our community with automatic interest rate reviews in real time.
RATETRACKER is the first technology of it's kind in Australia. Based entirely in Melbourne, Australia, and all operations being within Australian borders.
This system was built out of frustration. Far too many customers are being overcharged on their home loans.
RATETRACKER changes this....
Our Founders
Anthony Alabakov
Sean Murphy
The RateTracker Story
Jan’2011
Anth and Sean found My Mortgage Freedom
Since we opened the doors in 2011 we have originated more than $3.5bn in new lending.
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SEPT’2019
The Conference
Anth and Sean Attended a salesforce conference in Sydney
Open Banking
We sat in an open banking presentation on budgeting apps – Open Banking was only 1 year old at the time in Aus.
We set up meeting with Yodlee and brainstormed the concept of RateTracker and they said it can work.
APR’2020
Completed First Prototype
This was clunky, buggy and needed more work
NOV’2020
Hard Launch
Launched RateTracker V1.2 to My Mortgage Freedom Customers
jun’2020
Hit 500 Customers
NOV’2021
Savings, Savings, Savings
Saved more than $233,000 in repricing savings in the first 12 months
Saved more than $1.29 million in refinance savings
Dec’2022
A New Journey
We started the journey to become an authorised representative to migrate to Full Open Banking
Jun’2023
Completed SOC 2 Type I Audit
OCT’2023
Open Banking Online
Received our first full open banking data feeds
Nov’2023
Public Launch
Public Launch to share with other enterprises and organisations
APR’2024
Certified SOC 2 – Type II organisation
How It Works
What
RateTracker is a real time service developed for first home buyers and investors that connects with your bank to automatically track your data and prevent you from paying an interest rate that’s too high for the current market.
How
The advanced software uses a protected network channel and bank-grade 256-bit encryption to protect your personal information and keep it fully secure. We don’t store your data, and we’ll never supply it to third parties.
Why
Created for savvy first home buyers and investors, RateTracker is for anyone who wants to monitor their finances, keep up-to-date with the current market and ensure that they never pay too much for their mortgage.
