Specialist lender boosts team to support brokers

by Julia Corderoy29 Sep 2015
Specialist lender, La Trobe Financial has expanded its team by a further 25 staff, in a move which it says bolsters its commitment to brokers.

La Trobe announced its expanded operations after securing a second floor at its head office location in the heart of Melbourne CBD.

Of the 25 new appointments, 14 are experienced senior credit analysts, boosting its national credit team to 46 dedicated loan writers. The remaining new hires are BDMs and administrative support staff.

Cory Bannister, vice president - head of distribution at La Trobe says this now makes La Trobe one of the largest specialist credit teams in Australia.

“These new staff will further bolster our commitment to brokers by continuing to deliver Australia’s broadest product suite in the specialist market, currently originating in excess of $300 million in loan applications per month,” he said.

“We are very fortunate to have maintained our independent private ownership structure, our large retail credit fund, and our broad product range catering for residential, commercial, SMSF, construction, non-resident finance, and our latest innovation parent-to-child (P2C) loan products. 

“It’s this breadth of products on both a Lite Doc and Full Doc basis that makes us the best choice for brokers and we are looking to expand our market penetration further in the coming months.”

Bannister also revealed that La Trobe has secured additional new funding lines for future growth, saying its “capacity to continue to grow is now all in place giving us the most flexibility in Australia”.

Future growth plans include further expanding its Lite Doc income verification methodology, as well as other innovative products to assist under-served Australians, especially following the recent restrictions placed on investment lending by APRA.