A non-bank mortgage lender has delivered record lodgement numbers, nearly 18 months after its acquisition by MA Financial, an ASX-listed diversified financial services business.
Over the six months to the end of June, MA Money’s lodgements have grown by more than 500%, which according to Chris Wyke (pictured above left), joint CEO of MA Financial, “highlights the positive response to MA Money’s product offering from brokers.”
Wyke said that MA Money has undergone significant change since it was acquired 100% by MA Financial in February 2022 – “from being a niche lender to a genuine non-bank lender with a comprehensive product offering, new technology platform, and one of the best executive and support team line ups in the industry.”
Recently, Alex Brgudac (pictured above right), who according to Wyke, is “one of our industry’s most respected figures and knows how to grow a business,” joined the business as head of sales and strategic partnerships.
Brgudac said MA Money had also maintained exceptional turnaround times of 48 hours since launch.
“We have received very positive feedback from brokers on our service delivery and very competitive product range,” he said.
“While there are traditionally growing pains when building a large-scale business, MA Financial chose to invest heavily in ensuring it delivered the key considerations of consumers and brokers when choosing a lender, which has underpinned the remarkable growth.”
The non-bank has also restructured and expanded its sales team, with the appointment of Ebony Maxwell as Victorian state manager and Dayna Manser as business development manager.
“MA Money has big plans. We will soon be announcing the release of a number of new products in the coming weeks including SMSF and non-resident loans and a private funding product,” Brgudac said.
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