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Simplicity Loans & Advisory reaches $2bn milestone

by Sam Nichols3 minute read

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The brokerage’s co-managing directors believe this settlement figure has been driven by its team, technology and third-party referral network.

Simplicity Loans & Advisory Group (Simplicity Loans & Advisory) has confirmed that it has achieved a loan settlement figure of $2 billion. 

Speaking on the results, co-managing director Matthew Johnson has said that, since beginning operations during the second half of 2017, the brokerage has focused its strength into commercial lending while also building a “highly motivated team that aims to get past $3 billion by the end of this calendar year”.

In late 2019, Simplicity Loans & Advisory launched Marketplace.Finance as a commercial loans portal intended to provide brokers with “quick, efficient and systematic access to commercial loan facilities” for their clients. 

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Less than two years later, the brokerage confirmed it had landed a deal with Choice Aggregation Services, allowing the latter’s brokers to offer white-label products to their clientele. 

“We believe our people are the best in the business and coupled with our leading-edge technology and extensive third party referral network under the Marketplace.Finance and Choice Commercial brands, we are super excited for what we can achieve in 2022,” Mr Johnson said. 

Mr Johnson later noted that the brokerage has “been able to attract some exciting talent to the business recently”, including an expansion of its Victorian presence – a growth that he attributes to Simplicity Loans & Advisory’s “reputation in the market”.

However, co-managing director Jean-Pierre Gortan noted that the brokerage is also customer-attentive, stating that Simplicity Loans & Advisory invests “heavily in the things that matter to our customers”. 

“We spend a lot of time training, refining processes, building relationships with lenders, and developing IT so that we can hand on heart say we are going to deliver the best outcome in the market for them,” Mr Gortan said.

Mr Gortan added that $2 billion in settlements is “great recognition for the team”, many of whom have been with the brokerage since the beginning.

“We are particularly excited about how quickly we can achieve the next $2 billion! As our network continues to grow, so does our reputation,” Mr Gortan continued. 

“Our Net Promoter Score feedback is consistently strong. We focus on recognising staff not only for what they achieve, but how they achieve it.”

[Related: ​​Asset finance accreditation the next ‘battleground’: CAFBA]

Simplicity Loans & Advisory reaches $2bn milestone
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Sam Nichols

AUTHOR

Sam Nichols is a journalist at The Adviser and Mortgage Business. His reporting has featured in a range of outlets including ABC News, SBS' The Feed, and VICE.