Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

New aggregator to target small to medium broker groups

Staff Reporter 4 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.

Advertisement
Advertisement

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

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.

PROMOTED CONTENT


“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

Today's other news

New aggregator to target small to medium broker groups
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Michael Russell MoneyQuest Brokerage head calls out ‘unacceptable’ turnaround delays

It is “unacceptable” that turnaround times in branches can be...

gentlmen handshake Ex-Time Home Loans director partners with AFG

The aggregator has partnered with former Time Home Loans director...

farmer ta 34% of farmers eyeing raised business investment

Roughly one-third of Australian farmers expect to increase their ...