Resimac has revealed it plans to expand its involvement in the broker space by purchasing distribution channels.
According to the non-bank lender’s 2013 financial report, Resimac wants to “own distribution channels” to gain better control of its “destiny”.
The statement follows a spate of lender investments in the broker channel, including
Macquarie Bank’s recent acquisition of a 25% stake in Connective.
Resmiac’s loan book is currently valued at $3.2 billion. This is a drop of $1 million from last year, despite the lender’s recent expansions into the mortgage industry.
Last month Resimac finalised a scheme of arrangement to acquire RHG’s mortgage portfolio, with an estimated size of $2 billion.
