Former sub-aggregator CEO buys broker mentoring business

Mr Mentor general manager Ms Robinson and Mr Mansfield today (1 December) settled the acquisition of mentoring business Mr Mentor from former co-owners and co-founders Pauline Ryan and Neil Lovis for an undisclosed sum.

The deal includes all the assets and trademarks of the business, which provides training and career development services for mortgage professionals, loan processors, and students.

Under the new ownership, Ms Robinson will continue in her role as GM while Mr Mansfield will take the helm as CEO following the departure of Ms Ryan.

Joining them is former MFAA state manager Chelsea Deacon in the position of program manager.

Reflecting on the sale, Ms Ryan and Mr Lovis said they were extremely proud of Mr Mentor’s accomplishments and its impact within the mortgage broker community.

Ms Ryan explained that decision to divest the business from the broking business parent company – the Loanworx Group – came as the duo aim to ramp up and expand its brokerage business.

Speaking to The Adviser, Ms Ryan said: “The sale of Mr Mentor is a testament to the success and huge impact it has had on our mortgage broker community. We are immensely proud of what we have achieved, but as we look to the future, we see tremendous potential in concentrating our efforts on our core brokerage business and supporting the amazing cohort of brokers that we have attracted.

“We are so thrilled that Brett and Melissa were successful in acquiring the business.

“We wish them the very best of luck for the future as we know they are well-equipped to take Mr Mentor to the next level.

“We know Mr Mentor will continue to be the market leader in education and training for our great mortgage broking industry.”

Mr Mansfield said he was “excited to be leading this extraordinary team” and take the company forward on its mission to support continual improvement in the industry by fostering personal and professional growth through quality training.

Similarly, Ms Robinson said she looked forward to propelling the company to new heights, building on Mr Mentor’s “transformative influence” on its mentees’ lives, and ensuring seamless operational excellence.

According to the new co-owners, the broking mentoring business will look to expand access across the industry to training in loan processing, residential mortgages, and commercial lending.

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