FASTLend grabs market share

FAST chief executive Steve Kane has told delegates at the aggregator's Business Excellence Conference that take-up of its white-labelled FASTLend product has exceeded expectations.
 
FASTLend was piloted to a panel of 50 brokers in February before full launch in March and Kane had targeted a top 10 position among the top mortgage lenders by the end of June 2010, but $60m a month in applications has seen FASTLend jump to 8th position behind the big banks.
 
Delegates at the conference in Palm Cove, Queensland - which includes FAST's top-performing brokers from each state - have also listened to presentations from a number of leading lights from the world of business, including economist Phil Ruthven and founder of pizza chain Eagle Boys' founder Tom Potter.