The commercial lending fintech has joined the PLAN, Choice, and FAST lending panel through an expanded partnership with the Loan Market Group.
Although idutch has already been available to Loan Market brokers, PLAN, Choice, and FAST (PCF) brokers now have access to its platform following the expansion of the fintech and aggregator’s partnership.
The fintech company provides brokers with vetted private financiers who specialise in financing commercial property transactions through its online platform*.
Reportedly, the decision to expand the partnership followed broker feedback and rising settlement numbers now that over 500 brokers have been accredited with idutch, with more than $1 billion in scenarios submitted through the fintech’s platform since February 2022.
Brokers who have access to idutch’s portal can enter their clients’ requirements, which will then rank the most suitable private lenders for the client, allowing brokers to quickly identify the most appropriate way to assist their commercial borrowers.
idutch chief executive, Michael Volkiene, stated there is a higher demand for alternative lending solutions in the current economic environment.
“By connecting brokers with quality private lenders who specialise in financing property-backed commercial transactions, idutch is ideally positioned to help brokers meet this demand,” Mr Volkiene said.
“With a large number of private lenders to choose from, it can be challenging for brokers to determine the best fit for their commercial clients — especially when there are time constraints, or a more flexible solution is required.
“All lenders on the idutch platform are vetted based on their track record in the sector and their ability to offer flexible, alternative lending options — including lower presales, responsive service, land banks and higher LVR.”
Loan Market Group executive director, Stephen Scahill, commented on the expanded partnership as an “opportunity for more brokers to support the needs of their clients”.
“Loan Market has always sought to add service providers to our panel who support our brokers’ offering,” Mr Scahill stated.
“Now, idutch is opening up opportunities for PLAN, Choice and FAST brokers to provide alternative solutions to meet their commercial clients’ unique needs.”
PCF new recruits bolster broker management team in NSW
The aggregator recently announced that Torri Martin has joined the group, which manages the aggregation brands of PLAN Australia, Choice Aggregation and FAST as state director.
Ms Martin will work with NSW state director, Greg Cooke (taking on his role in October 2022) in her new role.
Group managing director, Stephen Moore, noted the size and scale of the NSW market and said the two state directors would enable the group to “best support its growing broker base”.
“Together, Greg Cooke and Torri Martin will provide PCF Group’s NSW brokers with unparalleled leadership, support and advice,” Mr Moore said.
*This copy was amended on 13 December 2022 to remove the names of the co-founders of the company.
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