LMG reveals specialised asset finance business plans

The organisation stated that the plans would help “enable asset finance businesses to grow like never before”.

The plans have two offerings that are available for businesses, Specialist and Specialist Plus, which feature access to LMG’s technology with asset finance loan origination tools MyCRM and Nodifi.

LMG added that the Specialist Plus offering also had dedicated marketing solutions included to provide an expanded marketing program “designed to supercharge growth and productivity”.

LMG group executive, asset finance Tom Caesar stated that the offerings were just the beginning in a series of firsts for the aggregator.

He commented: “Asset finance aggregation has typically played second fiddle to its residential counterpart in terms of support, technology, and marketing, we’re changing that. For years, specialist business owners and brokers have been telling us about the lack of integrated tech that limits their ability to efficiently run their businesses, while dedicated asset finance marketing is almost non-existent.

“The evolution of aggregation for asset finance must go beyond providing lender accreditations and splitting VBI to a full-service offering where we become a true business partner to our brokers.

“We will not only provide brokers with the necessities to run their business, we will provide them with industry-leading tools that enable them to scale their business easier, with less stress, and more support than ever before.

“LMG’s promises of saving brokers’ time, keeping them safe, diversifying their revenue and growing their business is reflected in these new service plans – it’s an exciting time for the group.”

The new specialist business plans are now available, with the aggregator stating diversified brokers will be able to leverage the specialist asset finance tech, marketing, and support in conjunction with residential or commercial workflows.

“We’ve been quietly confident about what we’ve been building out to hear feedback from some of Australia’s largest brokerages about how there’s nothing like this in the market, is reassuring,” Mr Caesar noted.

The unveiling of the specialist asset finance plans followed the aggregator earlier this month (23 November) announcing a partnership with Equifax to streamline income verification for brokers.

The aggregator said the collaboration between the two organisations will allow brokers to request automated employment income reports directly from MyCRM, with the service also providing access to employment income data securely and directly from employers and their service providers.

[Related: Brokers to pilot new tech in ‘industry-first’ agreement]