Fast-growing non-bank lender MA Money, part of MA Financial Group, has reached a major milestone by achieving $2 billion in loans under management.
This feat comes just nine months after the lender hit its $1bn mark, showcasing its accelerated growth and strategic expansion.
In 2024, MA Money cemented its position in the non-bank lending market. The company expanded its sales team, introduced significant product enhancements, and secured a $500 million residential mortgage-backed securities (RMBS) issuance in October.
Among its standout changes were the elimination of clawbacks on vacant land loans and the introduction of large loan offerings of up to $5m.
Chris Wyke (pictured above), joint CEO of MA Financial, praised the company’s rapid progress, crediting a focus on technology and streamlined processes for its success.
“2024 has been a defining year for MA Money,” Wyke said. “This $2bn milestone and our overall success is a testament to the exceptional efforts of our high-performing team and our commitment to delivering innovative solutions for brokers and borrowers.”
A key driver of MA Money’s growth has been its 48-hour turnaround for conditional approvals, enabled by investments in advanced systems and process optimisation.
“Doubling our loan book in just nine months is a phenomenal achievement, and it reflects the strength of our service offering and the trust placed in us by our broker partners,” Wyke said.
“Our success is built on the back of listening to brokers, responding to their needs, and continuously improving our products,” he said. “We’re always looking for ways to deliver more value and flexibility.”
To cap off a successful year, MA Money has launched its Summer Special lending promotion. This offer includes fee removals and rate discounts for Prime loans ranging from $2m to $3m. It is available for applications submitted between Dec. 1 and Jan. 31, with settlements required by April 30.
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