Partnership boosts first home buyer options
Lendi Group has added Australia’s biggest customer-owned bank – Great Southern Bank – to its broker panel, in a move that increases the number of available product options to over 2,500.
The online home loan platform said the addition of the customer-owned bank to its lending panel added greater flexibility and choice to its customer offering.
The partnership takes Lendi Group’s total panel of banks and lenders to 27, providing a greater choice of home loan options, particularly for first-home buyers.
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Lendi Group CEO distribution Brad Cramb (pictured above left) said the company was committed to giving customers the most competitive deal for their personal circumstances. This meant Lendi Group aimed to give customers much choice as possible.
“With Great Southern Bank joining our lending panel, we are adding mortgage products and solutions that particularly address the needs of first home buyers. Great Southern Bank understands the power of our network particularly considering over three quarters of their home loans are currently delivered via brokers,” Cramb said.
Great Southern Bank chief customer officer Megan Keleher (pictured above right) said the partnership with Lendi Group was underpinned by a shared commitment to helping more Australians achieve their home ownership dreams.
“Through our investment in new technology and commitment to continuous improvement, we are making the home loan application process faster and more efficient for our broker partners,” Keleher said.
The customer-owned bank said its loan approval times had more than halved over the last year, and the number of loan applications it processed had doubled.
With over 1,000 brokers across the Lendi, Aussie and Domain home loans brands and 230 retail stores, Lendi Group is a leading retail mortgage broker and home loan platform.
Working with lenders to empower Australians with choice, Lendi Group’s mission is to help Australians to achieve their homeownership dreams seamlessly.
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With a 75-year history in Australia, Great Southern Bank has more than 381,000 customers. Having changed its name from CUA to Great Southern Bank, it remains customer-owned and is focused on helping all Australians own their own home.
Great Southern Bank said it had helped over 3,000 customers through government-assisted homebuyer support schemes. The bank remained committed to maintaining this through the recently updated Home Guarantee Scheme, under which 40,000 new places were released on July 1, including 35,000 places through the First Home Guarantee.
The Lendi Group platform has been updated to include Great Southern Bank loan options from July 18.
