MA Money is keeping busy as it continues to grow.
The non-bank lender, a division of global alternative asset manager MA Financial, has added six more BDMs, for a total of 24 nationally. That translates to four new BDMs in New South Wales, one in Victoria and one in South Australia.
“Our focus has always been on responsiveness, consistency and strong credit knowledge,” Tim Lemon, national sales manager at MA Money, told Australian Broker. “Expanding our BDM team allows us to support more brokers with the speed and certainty they need, particularly when working through complex scenarios. Having access to scenario specialists means our team can workshop deals upfront and provide clear direction early, helping brokers move forward with confidence.
“We’ve built a team with genuine depth of experience across credit, structuring and distribution," he added. "That’s what allows us to deliver practical solutions and support brokers in a way that makes a real difference to their business.”
In addition, MA Money's Head of Marketing Katie Bell has been promoted to head of partnerships and marketing.
"There's a real opportunity to build on the strong momentum we’ve created and continue strengthening how we support brokers," Bell said. "As we grow, it’s important that we continue to invest in both our partnerships and our brand, ensuring we’re delivering consistency and value across every touchpoint.”
MA Money's growth trajectory included rolling out the ApplyOnline platform last August, which was meant to help streamline the application process for brokers.
The following month, MA Money hired former RedZed BDM Craig Stuart as its head of commercial, in anticipation of rolling out new commercial loan products, and underscoring the firm's leap from residential into specialty finance and commercial markets.
In November, the non-bank refreshed its product suite with alternative lending options, including the launch of MA Money More, which offers larger loan options, as well as updated alt doc commercial lending.
By December, the firm had logged approximately $600 million that month and surpassed $5 billion in loans under management. Now MA Money is working towards achieving $1 billion in settlements in a single month.
The non-bank started the year strong by joining the MoneyQuest Group lender panel in January, then sealing the deal in a $1.25 billion residential mortgage-backed security (RMBS) in February.
