86 400 added to PLAN lender panel

85% of broker can now choose Big Four-backed bank as option

86 400 added to PLAN lender panel

News

By Mike Wood

86 400 has announced that it has been added to the lender panel at aggregator PLAN Australia.

It is the 15th such partnership that 86 400 has announced, with eight of Australia’s biggest aggregators now on board.

Just a month ago, 86 400 announced their partnership with Choice Aggregation Services, heralded as them reaching the landmark of 75% of brokers having them as an option: with this latest aggregator deal, that number has risen to 85%.

“It’s a great step forward in terms of having coverage for brokers,” said 86 400 Head of Broker Distribution George Srbinovski. “We’re very excited with the continued momentum that we’re having in the broker channel.”

“Brokers can expect a continued great level of service, and really, that’s what we’re already known for. From our BDMs to our operation team to our credit and product teams, who keep delivering amazing turnaround times and customer service.”

The digital bank, which was recently acquired by NAB, has undergone tremendous growth in the last year. To date, they have settled nearly $700m in new home loans.

“We’ll continue to grow as the year progresses,” added Srbinovski. “Being a digital bank, it’s about being able to give our fastest time to ‘yes’ proposition. This enables us, with minimal paperwork, to have brokers submit applications and we can provide market leading turnaround times.”

“86 400 can do 24 to 48 hours, and we’ve been at that consistently for a while now. We’re meeting those expectations with brokers for a long, long time now. Even as we continue to add broker accreditation, numbers and volume, we’re staying really steady with the ‘fastest time to yes’ proposition.”

“We couldn’t be any prouder of our team and they’re working incredibly hard to surpass broker expectations and, more importantly, those of the customer too.”
 

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