A mortgage industry veteran has just been appointed to the board of Custom Equity Group.
Australian Capital Home Loans’ founder Barry Parker has been appointed as a board member of Custom Equity Group, after acquiring a stake in Australian Real Estate Finance Group (AREFG) earlier this year.
Custom Equity Group is an innovative aggregator that has an equity participation scheme for all its brokers, the company said. All CEG brokers own a share in their aggregator.
Parker started in the finance industry in 1982 as a real estate lending manager and became a mortgage broker in 1991.
In 1997, he identified a shift in the market towards non-bank lenders so created mortgage managers Australian Capital Home Loans and Nationalcorp Home Loans.
More recently, Parker got an AFSL to create Australian Capital Financial Planning and a real estate licence to create Australian Capital Property.
Parker also owns a stake in The Hub, which in turn owns a stake in AREFG, Your Broker/Raine & Horne Financial Services, Custom Equity Group and Nectar Mortgages.