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.

SocietyOne expands broker channel support

handshake male female ta handshake male female ta
Sam Nichols 4 minute read

The peer-to-peer lender has welcomed three new additions to its NSW team and established a new Queensland presence.

Personal lender SocietyOne has added to its broker channel, with the announcement that David Tickle, Renae Long, and David Lightfoot have joined the company as business development managers (BDMs). 

Serving as the NSW BDM for SocietyOne, Mr Tickle has spent 25 years within banking and finance sectors throughout Australia and the UK. Previously, he was the BDM for St.George Bank, and was a licensed mortgage broker with Empower Wealth and Astute Financial.

Ms Long and Mr Lightfoot also have widespread broker and banking experience and join SocietyOne’s newly launched Queensland team.

Advertisement
Advertisement

Ms Long, for example, was previously the Queensland BDM for MKM, and was the director for the mortgage and finance brokerage, FAMBrokers. Meanwhile, Mr Lightfoot has a range of car finance and asset finance experience.

All three commenced their new roles in August, expanding the broker support team to a team of seven.

They follow the July appointment of Tony MacRae as the chief commercial officer, and the appointment of Tommy Lee as head of broker distribution

Commenting on the three new broker channel inclusions, Mr MacRae said: “We are delighted to welcome these talented new BDMs to the SocietyOne team, as we more than double our capacity to provide great service to our valued broker partners.

“Investing in our broker BDM team and partnering with more brokers is key to SocietyOne’s long-term strategy.” 

PROMOTED CONTENT


Mr MacRae said that these new additions, combined with the recent release of SocietyOne’s digital broker platform, are positioning the company well to serve more brokers. 

He added that, over the past two months, SocietyOne had seen the volume of broker-originated loans double.

“We believe this is because brokers and their customers are enjoying a simple and fast process and great service throughout the whole transaction,” Mr MacRae concluded. 

The expansion reflects a period of growth for the Westpac-backed lender, which was founded in 2012 and is supported by a range of other shareholders, including NewsCorp, Seven West Media and Reinventure Group. 

In February, Westpac announced that SocietyOne would become the second partner to join its new digital banking-as-a-service platform – the first being Afterpay.

Earlier this month, the lender launched and priced its first $182 million asset-backed securities (ABS) bond issue, the senior tranche being 2.4 times oversubscribed and cleared at an issue margin of 75 bps. 

[Related: SocietyOne prices inaugural ABS]

SocietyOne expands broker channel support
handshake male female ta
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! Work smarter, not harder, in 2022 and beyond, visit the website here to secure your ticket.

handshake male female ta

 

more from the adviser
Beau Bertoli Greg Moshal 863x385jpg

Breaking News

Prospa squares up against banks, expands SME loan

The ASX-listed lender has flagged a new “all-in-one” business...

small business owner ta

Breaking News

Business credit demand bounces back in NSW

Data from the initial days of NSW reopening after lockdown has sh...

suburb

Breaking News

Hot Property: The biggest property headlines from the week 18-22 October

The weekly round-up of the biggest news stories from across Momen...