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Smaller lenders have plenty to gain by pushing loans through the third-party channel. But are the benefits mutual? The Adviser’s James Mitchell explores how brokers and their clients can profit from customer-owned banks.
In a market where turnaround times are blowing out and banks are cracking down on certain borrower segments, an alternative lending solution is always a good idea. Consumers are becoming increasingly receptive to other options as the big banks face ongoing scrutiny over numerous scandals and calls for a royal commission grow louder.
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