LinkedIn driving 80% of deals for non-bank

LinkedIn LinkedIn
Comments 0
Shares 38

Social media has become the primary lead generator for a non-bank lender, which is now seeing significant interest from brokers via LinkedIn.

NWC Finance BDM Glynn Bruce told The Adviser that he regularly posts deals and scenarios on his LinkedIn profile, which boasts followers and a database of 12,000 brokers and developers.

“After each post, I will have three or four brokers send me a private message explaining that they have a client in a similar situation and asking if I can give them a call,” Mr Bruce said.

“It is quite astonishing how many brokers are doing business on LinkedIn. Posting scenarios and deals drives a huge amount of leads for us,” he said.

“I am constantly on my LinkedIn page providing case studies, tips and financing opportunities, both large and small.”

NWC has the capacity to service loans of up to $20 million for commercial purchases, commercial refinancing, cash out and general business cash flow.

The Sydney-based group is developing a niche in the market by basing its lending decisions on the existing asset values, risk profile and prospects of the projects being financed, at a time when the big banks are pulling back on funding developers.

“The banks have tightened up a lot in their lending to developers,” Mr Bruce says. “When we post on LinkedIn that we can offer a 100 per cent lend with additional security, development sites, funding construction or doing client equipment deals, brokers are seeing an avenue to fund their clients, as well as make some income for themselves,” he says.

“More and more developers are seeking out brokers. We received 70 completed applications from brokers within 24 hours of posting a construction deal scenario on LinkedIn.”

Find out all the secrets of mastering a digital strategy at The Adviser Bootcamp Digital Marketing 2017.

This event will provide brokers with all the tips and tricks they need to know to develop a plan that can help grow sales and boost their brand. The full agenda for this one-day event is available from The Adviser Bootcamp Digital Marketing 2017 website.

[Related: Brokers gravitate towards 'lucrative' commercial deals]

Promoted Stories
Recommended by Spike Native Network
more from the adviser
CBA lifts interest-only rates

The major bank has followed its peers by announcing rate increase...

Aggregation boss offers advice for brokers in a changing market

Brokers need to keep customers "front and centre" in order to nav...

‘Face-to-face’ interview critical to combating fraud

With mortgage fraud through the broker channel on the rise, an Eq...