A major aggregator has expanded its panel with the addition of a second-tier lender it says will provide its brokers access to millions of consumers.
AFG has added ME Bank to its lender panel, and general manager of sales and operations Mark Hewitt said the partnership will provide its brokers access to 5.5m consumers who are members of affiliated super funds and unions.
"The partnership will provide ME Bank with access to our 1,800 members nationwide. We’re confident our broker members and their customers will benefit from a broader range of competitive home loan options, like those offered by ME Bank," Hewitt said.
The bank will also accept electronic lodgments from brokers through AFG. ME Bank group executive of sales Ian Hendey said the bank would continue to expand within the broker channel.
ME Bank entered the broker market in December 2011. In March of this year, the bank announced it would be added to Vow's lender panel.
New move: Panel expands to meet move from majors