A leading aggregator has announced it will be expanding the white label mortgage solutions distributed by its 4,000-strong network of brokers via a new partnership with a non-major bank.
The agreement between Connective and Adelaide Bank allows for the launch of Connective Home Loans (CHL) Select, a product designed to break tackling debt down into simple steps.
“In an environment where the major banks are tightening the provision of credit and ceaselessly shifting lending policies, brokers are calling for simple, easy-to-understand loans at highly competitive rates,” explained head of CHL, Michael Goerner.
He added, “Our revamped white label portfolio now caters for every residential customer of every broker, whether through CHL Select, CHL Solutions or CHL Essentials. Coupled with our first-class customer service, CHL delivers a real opportunity for our brokers to truly differentiate themselves in the eyes of their customers.”
Goerner added that “having the strength of Adelaide Bank” behind the new product contributes to an additional level of broker and borrower confidence.
According to the most recent APRA data, Bendigo and Adelaide Bank is the leading non-major in investor-only lending, and the third highest non-major in owner occupier loan volumes.
“In a highly competitive lending market, Adelaide Bank’s service offering, backed by a dedicated partner assist team will make Connective Select Home Loans a standout choice for busy brokers,” said Cosi Lanzoni, senior manager strategic partner at Bendigo and Adelaide Bank.
“The CHL team is focused on providing the best customer service possible and Adelaide Bank is equally committed to helping Connective maintain its high standards of professional service,” he added.
The CHL Select product will officially be rolled out at Connective’s upcoming national roadshow events, the first taking place in South Australia at the start of May.
