HSBC Australia has expanded its mortgage broking network by joining the lending panel of a leading home loan brokerage.
The bank, which is fast approaching its $1 billion milestone with Aussie brokers after returning to the third-party channel last year, has expanded its reach by partnering with national mortgage group Mortgage Choice.
Alice Del Vecchio, head of mortgages and third-party distribution at HSBC Australia, commented: “We’re excited to expand our presence in the broker market and reach new customers through the impressive Mortgage Choice network.
“Since re-entering the broker industry... we have had very positive feedback from customers and brokers about our products and our relationship-managed banking offering. We’re looking forward to another great partnership with Mortgage Choice.”
Emma Dupont-Brown, general manager – product at Mortgage Choice, said that the company was excited to launch the partnership.
“At Mortgage Choice, we are committed to building out a panel of lenders that can cater to our customers’ ever-evolving needs. It is for this reason that we are excited to join forces with HSBC,” the GM said.
“The bank boasts a strong global brand and excellent suite of products that can help us deliver to the needs of our customers, both here and abroad. Together with HSBC, we look forward to helping even more consumers realise their property and finance goals.”
Mortgage Choice will begin offering HSBC’s wide range of basic and fully featured home loans to customers this month. This will include access for qualifying customers to HSBC Premier and HSBC’s premium banking and wealth management service.
Annie Kane is the editor of The Adviser magazine, Australia’s leading magazine for mortgage brokers. As well as writing news and features on the Australian mortgage market, financial regulation, fintechs and the wider lending market – Annie is also the host of the Elite Broker podcast and regulator contributor to the Mortgage Business Uncut podcast.
Before joining The Adviser team at Momentum Media in 2016, Annie wrote for a range of business and consumer titles, including The Guardian (Australia), BBC Music Magazine, Elle (Australia), BBC Countryfile, BBC Homes & Antiques, and Resource magazine.
Younger Australians are dominating the mortgage broker market, wi...
The big four bank has issued a public apology to customers after ...
An ACL holder believes that upfront and trail commissions need to...