Purple Circle adds three lenders to panel

by Madison Utley12 Feb 2021

An aggregation group has welcomed three new non-banks to its panel of lenders. 

Products from RedZed, Mortgage Mart and Valiant Finance will now be available to Purple Circle Financial Services’ network of brokers as part of the group’s larger efforts to widen the range of solutions made available to consumers.    

“As an aggregator, it is essential we partner with innovative lenders who offer a wide range of products and services to suit the everchanging lending landscape,” said Purple Circle Financial Services COO Frank Paratore.

As Paratore sees it, it is also crucial that Purple Circle’s members have a say in whom the group partners with.

“This enables us to provide better support and better service,” he explained.

At Purple Circle, brokers can earn shares in the company through their usual conducting of business; the group has attributed much of its success to this unique positioning as a “collaborative ‘share based’ aggregator with a sole focus on always doing what’s best for our members.”

Paratore also expressed excitement that three lenders with such “strong reputations and unique value propositions” will be available to its growing membership base.

“Lending isn’t a one-size-fits-all situation,” the COO said.

“Clients have different requirements depending on their circumstances, and we are providing our members with a diverse panel of lenders to assist with attending to those client different requirements.

“To specifically address issues with accessibility to the housing and SME market, Purple Circle Financial Services welcomes RedZed, Mortgage Mart and Valiant Finance to the panel.”

Paratore assured the group will continue to support its broker network to make sure they’re equipped to capitalise on current market opportunities and can grow their businesses.