Franchise brokerage boosts lender panel

by Julia Corderoy04 Aug 2015
Aussie Home Loans has expanded its lender panel with the appointment of super fund-owned bank ME.

Aussie CEO James Symond says the decision to include ME Bank on its panel of lenders has been a long time coming, given the non-majors reputation for having a simple and competitive product range.

“Our brokers and franchisees have been driving for ME’s presence on our panel since it changed its policy to allow non-industry super fund members as customers.

“ME’s simple but targeted product range will bring even greater depth and choice to the Aussie panel. It will be introduced to over 500 Aussie brokers at our biennial sales conference in August, and we expect our full network of well over 1,000 mobile and retail brokers and franchisees Australia-wide to be trained, accredited and lodging ME loans by October.”

ME CEO Jamie McPhee says this appointment will be a “major boost” for the non-major lender. 

Aussie just announced its record $20 billion in home loan settlements during the 2015 financial year. The Aussie Group loan book, including its wholesale mortgage aggregator nMB, is nearing $70 billion.