3/31/2024 0 Comments Facebook loan arrangerPty Ltd ACN 161 358 363 operates as an Australian Financial Services Licensee and an Australian Credit Licensee Number 515843. Read about how Infochoice Group manages potential conflicts of interest, along with how we get paid. In the interests of full disclosure, the Infochoice Group are associated with the Firstmac Group. ,, , and Performance Drive are part of the Infochoice group. To be considered, the product and rate must be clearly published on the product provider's web site. Some providers' products may not be available in all states. Rather, a cut-down portion of the market has been considered. The entire market was not considered in selecting the above products. AFSL and Australian Credit License Number 515843.My advice is to learn about all facets of lending and more, and become advice driven, then people will seek you out. If you are too narrow in your focus there will always be a time when you become quiet. Without breaking down where our business comes from, we are able to advise on any area of finance. What does your client breakdown look like, in terms of first home buyers versus investors and refinancers, for example? I still believe in being true to my core business. Depending on your size and income will dictate where you channel your efforts. Have you diversified outside of mortgages? If so, how have you incorporated this into your business? Our goals will continually be to provide the best quality service and keep in touch with our past loyal customers. What are your goals and strategies for the year ahead? We continue to write the same volume of business regardless of whether the investment market has slowed or first home buyers are quiet. Our business has had good, steady growth without any part of the market affecting us. What trends have you noticed this year? Have you had to adapt your business strategies to the market conditions? To be sought out for your advice is what will separate the average broker from the top performer. Today’s broker must be fully equipped with knowledge that covers accounting, financial planning, property development, self-managed super and more. What is the most important thing a broker can do to grow their business? We do get a large volume of business from repeat clients which recognise the quality of our services. Generating new business still comes from the traditional method of referral sources and your existing client base. What’s your strategy for generating new business? If any broker was looking to set up their own brokerage today, they would need to operate through an aggregator and provide a point of difference to attract competent people. What advice would you offer to brokers who would like to set up an independent brokerage? How do you think independent brokerages can continue to thrive in today’s market?įor independent brokerages to thrive in the future we need to continually attract new people, and this may mean changing business strategies. What are the advantages of being an independent brokerage?Īs an independent brokerage we have been able to brand ourselves which is unique to our business only. What’s the secret to building a successful brokerage?īuilding a successful brokerage revolves around good-quality people with good business principles. Director Steve Marshall explains the benefits of running an independent organisation “Additionally, Lending Loop will continue to service all funded loans, and all existing lending partners will be able to access their Lending Loop accounts and withdraw available funds at no cost,” the notice says.Adelaide-based The Loan Arranger has experienced great success on the back of its solid team and business principles. Lending Loop’s website notice indicates the upstart will continue to fund new loans with capital that is independent of its lending platform while it continues talks with regulators. In an email Tuesday, he said he was unable to comment on the regulatory discussions. After launch, Lending Loop quickly attracted interest from 450 individual lenders, with 100 becoming active participants, Pastoll told the Financial Post in November. Other marketplace lenders such as Borrowell and Grouplend, which is now called Grow, opted to tap only institutional and well-heeled “accredited” investors to back loans in order to ensure they are onside with regulators.Ĭato Pastoll, one of the founders of Lending Loop, said his firm’s peer-to-peer model was popular among those who don’t meet the income and asset thresholds to be considered accredited investors. OSC says peer-to-peers lenders may be subject to securities law
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