Resimac has touted its commitment to specialist lending, saying it will not rely on "promotional gimmicks".
Resimac chief operating officer Allan Savins said the specialist lender's recent policy changes - including a simplified borrower credit classification, increased loan amounts and LVRs and new cash out and default policies - show its appetite to grow in the non-conforming market.
"Resimac is committed to providing a specialist lending offering with real differentiation. We don’t focus on promotional gimmicks but on delivering broader products and policies to suit borrowers who may not meet traditional lending criteria," Savins said.
Savins pointed to recent changes to the lender's non-conforming product suite, including offering unlimited cash out up to 80% LVR across its specialist products. He claimed other non-conforming lenders were not adequately servicing borrowers requiring specialised products.
"Some lenders who operate in this space simply don’t have the policy to meet the needs of true specialist borrowers," he said.
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