Specialist lender Bluestone plans to return to mortgage lending
Group CEO, Peter McGuinness, revealed Bluestone would consider at some stage offering a web-based product, though he said it would be a far more basic product than the company has offered in the past.
Bluestone quit mortgage origination in September last year, but has reinvented itself as a third party loan servicer and boutique asset manager.
The company has also maintained strong connections with the broker market.
With a sizeable mortgage book, Bluestone continues to make substantial trail commission to brokers.
"And I am pleased to say we have had no defaults," McGuinness told Australian Broker.
"We communicate once a quarter to brokers to let them know what is going on," he said.
Bluestone also maintains a "substantial" customer service offering for brokers to help them with queries about refinancing, settlements and discharging of mortgages.
"We are very much focused on client retention," McGuinness said.
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