Bank announces "first of its kind" partnership

by Madison Utley16 Oct 2019

A non-major bank has ventured into new territory with its first partnership with an online mortgage broker.

ME Bank announced it has joined the uno home loans lender panel.

uno combines the functions of an interest rate comparison website, traditional broker and bank application processes in one platform, backed by a customer support team who is available seven days a week.

Entering the digital brokerage channel will enable ME to further expand its distribution nationally.

“ME entered the broking channel in 2011 and this partnership with uno is an important step in the bank broadening reach of our home loans to new customers,” said ME CEO, Jamie McPhee.

“uno might be small today but it has big plans, and ME is excited to be part of delivering a home loan experience that truly puts the interests of customers first.”

According to uno CEO, Anthony Justice, ME’s home loan products offer customers genuine savings and flexibility, which makes for “a great alignment” with what uno provides.

“We are excited to be working with ME as they have a great purpose-led brand set on helping everyday Australians,” he added.

ME has added 12 new BDMs and support staff to better support its broker service and the accreditation of the uno brokers.

“Mortgage brokers contribute in excess of 70% of ME’s new home loan sales, and we’re fully committed to supporting the channel,” said McPhee.

“This partnership with uno is another avenue to provide customers with simple, transparent and competitively priced banking products which suit their needs.”