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.

Aggregator diversifies broker service

Staff Reporter 4 minute read

Staff Reporter

Vow Financial is set to diversify its brokers’ core offering, by giving them the opportunity to offer clients vehicle and equipment financing.

In 2010 this form of lending generated more than $12 million in settlements and $330,000 in brokerage for brokers that were part of the Vow Financial network.

Vow chief executive officer Tim Brown said the aggregator was pleased to now be able to offer this extended service to all its brokers while also improving on it.

Advertisement
Advertisement

“And to improve it we’re about to launch our online application system. This will give our brokers access to our own CRM system (secure access so they alone can view their own clients) that will allow them to track the progress of a submission,” he said.

According to Mr Brown, brokers that diversify into other key areas not only secure a new source of cash flow that allows them to maximise the income potential of their client base, but they can also insulate themselves against changes in mortgage commission structures.

“But most importantly it means they will be able to build a firewall around their clients by being able to offer another additional service other than a home loan. In a very real sense they are moving from being a home loan professional to an all-round financing specialist,” he said.

Aggregator diversifies broker service
default
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! Early bird tickets are on sale now. Work smarter, not harder, this year.

PROMOTED CONTENT


default

 

more from the adviser
Darren Stratford Dianne Robinson Kristie Oldfield ta RedZed appoints BDMs, product manager

The lender for self-employed borrowers has appointed two BDMs in ...

digital money ta Wisr closes $5m raise

Wisr has wrapped a $5 million capital raise to accelerate its loa...

digital signatures Suncorp enables e-signatures on post-approval loan docs

The non-major bank has said that it will accept e-signatures on p...