PLAN expands mutual panel

by Adam Smith24 Nov 2011

PLAN has widened its mutual access, adding the country's fifth largest building society to its panel.

The aggregator has announced the addition of Wide Bay Australia building society to its lender panel. The move comes after the aggregator opened access to mutual products early this year with the addition of Phoenix Mortgage Management to its panel. PLAN chief executive Trevor Scott said many borrowers favoured credit union products, and that the move would enhance brokers' customer proposition.

"We have long been focused on ensuring our members have access to a range of products
that suit every borrower’s needs. The wider our panel offering, the greater the capabilities
of our members to enhance client servicing and write more business. Wide Bay provides a range of competitive and flexible products backed by an experienced and responsive BDM team that we are excited to offer to our members," he said.

PLAN national operations manager Brett Mansfield said the decision to add Wide Bay to the aggregator's panel came as a direct result of broker feedback.

"Where we see a gap, or where we receive feedback from members regarding a certain lender’s products, we look to move on that," he said.

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