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New aggregator to target small to medium broker groups

Staff Reporter 2 minute read

RESIMAC is the latest funder to take a stake in the aggregation industry through its launch of Capel Court Financial Services.

The new group hopes to take market share by offering a segmented structure and providing members with options and associated support.

This will include lead generation, loan processing as well as standard aggregation services.

According to Mr Dave Morton, Capel Court’s director, 30 operational brokers have already joined the group however he has no immediate ambitions for rapid growth.

“We don’t aspire to be the biggest aggregation group – we are more concerned about quality rather than quantity.”

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Speaking to Mortgage Business Mr Morton, who has extensive mortgage industry experience with BankWest, ANZ and St George, said that he was undaunted by launching the new business amid such unprecedented market conditions.

“Where there’s change there is opportunity,” he said.

“The mortgage broking industry has moved to a new phase of evolution and we have geared our services and support around the changing needs of the broker.”

The boutique aggregation group is targeted towards smaller- to medium-sized groups.

“Our services are geared to support individual brokers or groups that recognise the benefits of having access to support – be that lead generation or loan processing,” Mr Morton said.

The new aggregation group is backed by RESIMAC but will be operated as a separate entity.

Brokers will have access to 35 lenders providing products including residential and commercial loans, personal loans, insurance, leasing finance and car loans.

Published: 24-10-08

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