Lendi Group adds Great Southern Bank to panel

Great Southern Bank loan options were made available through the Lendi Group platform on Monday (18 July). 

As such, more than 1,000 brokers operating under the group are now able to access Great Southern Bank’s products for their clients, alongside more than 2,500 products already on offer.

Speaking of the addition, Brad Cramb, chief executive of distribution at Lendi Group, said “Lendi Group is committed to giving our customers the most competitive deal for their personal circumstances, which means giving them as much choice as we can.  

“With Great Southern Bank joining our lending panel, we are adding mortgage products and solutions that particularly address the needs of first home buyers.   

“Great Southern Bank understands the power of our network, particularly considering over three quarters of their home loans are currently delivered via brokers.”

Megan Keleher, chief customer officer of Great Southern Bank (formerly known as Credit Union Australia (CUA)), said “This is an important partnership for Great Southern Bank, underpinned by a shared commitment to helping more Australians achieve their home ownership dreams.

“Through our investment in new technology and commitment to continuous improvement, we are making the home loan application process faster and more efficient for our broker partners.”

Ms Keleher noted that, in the past year, Great Southern Bank has more than halved loan approval times, whilst doubling the number of loan applications processed.

The customer-owned lender has also been rapidly growing its broker presence recently. Last year, it appointed a new head of broker and insurance partnerships in the form of Mathew Patterson, the former general manager for broker sales at ME Bank.

In the past few months, it has also joined several aggregation group lender panels as part of its goal to double its network of accredited brokers by the end of 2022.

In April it signed a new partnership with Specialist Finance Group (SFG), and in May it signed a deal to join the panel of Loan Market.

More than three-quarters of this group’s home lending is now sourced from brokers compared to around half just a year ago, according to Mr Patterson.

[Related: Great Southern Bank joins Loan Market lender panel]