Aggregator continues to grow panel

by Madison Utley06 Nov 2019

An aggregator has added another lender to its panel, following the announcement of a significant milestone achieved just last week.

Virgin Money Australia has become the 61st lender to partner with Loan Market

Part of the BOQ Group, Virgin Money’s Reward Me Home Loan has been a go-to for borrowers since launching in Australia three years ago.

The Reward Me Home Loan not only provides competitive rates, but earns borrowers Velocity Frequent Flyer points, the loyalty program of Virgin Australia. Customers also gain access to perks and special offers from other Virgin businesses in Australia.

This unique proposition has helped the lender amass a settlement portfolio of more than $2.7bn.

Loan Market chief commercial officer Stephen Scahill said, “While our lender panel continues to grow quickly, we approach every new partnership with a strategic mindset: how will this provider help our brokers provide better outcomes for customers?’’

“Virgin Money has game-changing attributes in its DNA, just as Loan Market does. Virgin Money is committed to making finance solutions simpler and delivering a unique customer experience.”

Greg Boyle, chief executive of Virgin Money, also welcomed the new arrangement.

“We’re excited by this new partnership with Loan Market and its brokers. Our Reward Me Home Loan gives brokers access to a unique product, which gives their customers more choice and helps deliver great outcomes for their business.”