NEWS
LENDERS LA MOULA TROBE JOINS FINANCIAL PANEL AT RETAINS AGGREGATOR SUPERIOR FAST RATING has retained its status as a “superior” lender, despite a year of upheaval in the financial industry. The non-bank received a 4.25-star rating from funds rating agency SQM Research. “We’re really pleased that we have the highest-rated fund in that sector. That’s a ... confirmation for our business but also for our investors about the quality of the investment selection disciplines that we put in place,” said La Trobe Financial CIO Chris Andrews. LA TROBE FINANCIAL
MORTGAGE EZY MARKS 20TH ANNIVERSARY lender Mortgage Ezy has celebrated 20 successful years in mortgage broking. Established in April 2001, it started out as a disruptor, placing itself on the side of brokers, and built a reputation for being accessible and agile. “Culture eats strategy for breakfast, and when the going gets tough, the tough get going,” said group executive chairman Peter James. Mortgage Ezy has won a number of Non-Bank of the Year titles at the Australian Mortgage Awards.
Alf Vasta, head of broker distribution, MoneyPlace
NON-BANK
“We’re really looking to help brokers to find a stop-gap solution for their clients. We don’t have any exit penalties or monthly fees” Alf Vasta Head of broker distribution, MoneyPlace
MONEYPLACE ATTRACTS BROKERS WITH MARKET-LEADING LOAN LIMIT Personal lender MoneyPlace has increased the limit on its unsecured loans to $80,000 and is encouraging brokers to diversify into this space has raised the bar on personal loans in Australia, offering a new market-leading $80,000 unsecured loan – and it is inviting brokers to enter the personal loan marketplace to take advantage of its new offer. Alf Vasta, head of broker distribution, said it was the broker channel that had compelled MoneyPlace to offer this new, market-leading product. “It’s just feedback from the broker market,” he said of the lender’s decision to set the new limit. “More and more clients are focusing on doing renovations and MONEYPLACE
things like that, tidying up their property, and there’s not enough equity in their home loans. We’re really looking to help brokers to help them find a stop-gap solution for their clients. As we don’t have any exit penalties or monthly fees, we’re really seeing it as a good opportunity. “I’ve ticked two years here at MoneyPlace as head of broker distribution, and my mantra has been positioning personal loans in the broker channel. We’re starting to make some real headway on the back of it. “We do unsecured personal loans, and we’ve just launched
$80,000 unsecured, which is the largest unsecured loan amount in the marketplace. It’s market leading. That’s pretty exciting for us … we’re trying to target clients looking to do renovations, purchase assets and things like that using an unsecured personal loan.” Vasta said brokers should be excited about getting into the personal loan marketplace because it offers them several options that their traditional mortgage business can’t, as well as the potential to increase earnings. This includes brokers converting more of their core business by helping clients who are trying to lodge a residential home loan or an asset car loan with debt consolidation. “The other thing is that it gives the broker the opportunity to increase their market opportunities and generate new business.”
Greg O’Neill President and CEO, La Trobe Financial
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