Non-bank lender Bridgit has expanded its broker network by partnering with aggregator Finsure.
The new partnership will result in Bridgit joining the aggregator’s lender panel as its first tech-driven bridging finance solution.
Bridgit says it specialises in bridging loans and offering same-day approval to consumers through proprietary technology, as well as assisting homeowners looking to purchase their next property quickly and seamlessly.
The lender says Finsure brokers will now be able to provide their clients with a revolutionary bridging loan solution and more diverse products. Brokers will also benefit from the non-bank’s resources, tools and technology to simplify and streamline the bridging process.
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"Finsure was aligned with our mission to provide brokers and Australian homeowners better solutions through the use of technology,” said Bridgit CEO and co-founder Aaron Bassin (pictured above left).
“They understood the problem we are solving with our bridging solution and saw the value this could provide to their network. The Finsure broker network is also of the highest quality and are supportive of new technology adoptions. They are committed to education, compliance and brilliant service with their client base, which aligns with our business values, so it was a no brainer to enter into a partnership."
Bassin said the partnership meant Bridgit would triple its exposure to the broker network, with Finsure providing access to more than 2,400 brokers.
“The Bridgit team is thrilled to be growing our partner network and helping more Australian homeowners progress in their property journey. We have seen the strength of working with aggregators and are excited to start working with the high-calibre Finsure broker network,” he said.
“Our partnership with Finsure is solidified by our shared vision of providing Australian homeowners more flexible and accessible ways to access property financing. Our bridging loan product has diversified the product offering of Finsure’s quality network, giving them and their clients more opportunity to buy first, sell later.”
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This partnership marks the second aggregator partnership for the non-bank lender, following its previously announced association with Loan Market in September.
Finsure CEO Simon Bednar (pictured above centre) said bridging finance had always been a challenge for brokers due to the complex process and traditionally short turnaround times required by customers.
“Thanks to their innovative technology and streamlined process, Bridgit has developed a service offering that overcomes these hurdles and places them as a market-leader in the bridging finance space,” Bednar said.
“We believe their comprehensive solution will help our brokers better support their customers as they embark on the home buying journey, alleviating some of the time pressures should lender service level agreements (SLAs) increase, or the property market clearance rates continue to drop.”
Bridgit head of distribution Stephen Doyle (pictured above right) said the non-bank lender’s team was very excited to work with Finsure.
“Finsure have proven themselves to be a top-class group, growing into one of the biggest aggregators in Australia,” Doyle said. “At Bridgit, we combine amazing service, technology and a brilliant product, which I am confident will add value to the Finsure panel and allow us to build a brilliant partnership.”
