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​Non-bank lender eyes up mortgage distribution channels

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Australian Broker | 05 Dec 2013, 08:00 AM Agree 0
A major non-bank lender has revealed it plans to expand its involvement in the broker space by purchasing distribution channels.
  • Calvin | 05 Dec 2013, 10:18 AM Agree 0
    Hear this lot already have significant shares in 1300homeloans, finsure and loan kit. The industry dream team..
  • Patrick McMenamin | 05 Dec 2013, 10:35 AM Agree 0
    Whether you own an aggregator or not is immaterial, there is a requirement for brokers to ensure a product is not unsuitable. Vertical integration which results in product preferences over customer needs is now being examined in the Financial Planning industry. Distribution advantage requires a competitive product and good service, ownership without that is an utter waste of capital.
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