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Aggregator doubles broker members

Staff Reporter 3 minute read

By: Staff Reporter

Newly relaunched aggregator LoanKit has doubled its number of broker members to 106 just six months after it was acquired by Mortgage Choice.

LoanKit head Kym Rampal said it was pleasing to see the aggregator increase its number of brokers by 112 per cent in six months.

“Now that LoanKit has fully re-launched as the aggregation arm of Mortgage Choice, we are focusing on recruiting as many brokers within our target market as possible while continuing to provide comprehensive, specialist service to our existing broker members,” Mr Rampal said.

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LoanKit offers its brokers two membership options – full aggregation (non-exclusive) and leasing of its software.

“It is pleasing to note that our innovative approach is paying great dividends. For example, our three ‘Compliance in a Box’ options have met with resounding approval from LoanKit’s current and potential brokers in the lead up to national regulation," he said.

"Nearly everyone who is presented with the proposition lauds the features and benefits, which allow brokers to maintain their independence while gaining from the shelter offered by a corporate compliance department."

Aggregator doubles broker members
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