AFG has welcomed a specialist lender to its panel that caters to market segments which are currently "fast-growing”.
Non-bank Better Mortgage Management provides alt doc loans for self-employed applicants and first home buyers, enabling AFG brokers to benefit not only from the additional products, but from the group’s “extensive expertise” in writing such loans.
The Brisbane-based lender was established in 1999 and offers over 50 different loan products to mortgage brokers throughout Australia, across eight different funding platforms.
According to BMM managing director Murray Cowan, the new partnership with AFG had an organic origin.
“We had feedback from many AFG brokers who encouraged us to approach AFG regarding our addition to the AFG Lender panel. Some of those brokers we have dealt with in the past and they recommended us to AFG Management,” Cowan explained.
“Partnering with AFG gives us access to greater distribution through their network of almost 3,000 aligned brokers. This gives us an opportunity to offer our products to more brokers that have clients with specific loan requirements, and our team is looking forward to the challenge.
“The launch and individual mortgage broker accreditations will be conducted over the next few weeks and introduced state by state, starting with Queensland.”
AFG head of sales and distribution, Chris Slater, said the new arrangement with BMM demonstrates the aggregator’s continued commitment to its brokers and their customers.
“We look forward to working with Murray, Head of Credit Steve Galdona, Ian Truscott and all the BMM team,” Slater said.
“BMM has shown over a long period of time that they are dedicated to the broker channel and their diverse range of funding solutions provide real choice for brokers and their customers.”
