New tool allows brokers to choose from multiple asset finance specialists
Australian brokers now have access to a new platform designed to streamline asset finance referrals. Asset Finance Exchange (AFX) by LMG aims to give finance professionals like mortgage brokers greater flexibility and control when connecting with asset finance specialists.
The platform enables brokers to select from a range of asset finance partners through a state-based and national referral network, simplifying the process of placing deals for business, commercial, or consumer asset funding.
“The Asset Finance Exchange places control in the hands of brokers, providing them the opportunity to connect with a range of asset finance specialists, not just one,” said AFX general manager Jordan Mutton (pictured above).
“State-based and national referral hubs are available, with the platform showcasing each asset finance brokerage’s specialities—such as business funding, commercial or consumer asset—making it even easier for a referring broker to place their deal.”
In addition to its referral services, AFX plans to roll out marketing tools and resources to support brokers in expanding their business opportunities. A forthcoming review system is also in development, which is aimed at enhancing transparency by allowing brokers to see feedback on their referral partners.
To ensure data security, AFX recently secured ISO 27001 certification, with plans to pursue SOC2 Type 2 certification in the future.
“Keeping brokers and their respective clients’ data secure has never been more important than in today’s landscape. Obtaining ISO 27001 certification and our pursuit of SOC2 Type2 certification are just a couple examples of our commitment to keep our partners safe, something that has been a key focus ahead of taking AFX to market,” Mutton said.
The Asset Finance Exchange is now available to brokers across Australia, with a white-label referral portal expected to launch by early 2025.
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