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Credit union increases broker footprint

by Staff Reporter10 minute read
The Adviser

Staff Reporter

One of Australia’s credit unions has significantly bolstered its footprint in the third party channel, after partnering with Connective.

Yesterday, Gateway announced it had entered into a partnership with the fastest growing mortgage aggregator in the industry.

According to Gateway, the partnership follows a period of heavy investment in technology and process innovation by the credit union to underpin its growth strategy via the delivery of scalable and consistent high value service to its distribution partners.

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Gateway chief executive Paul Thomas said the partnership will open up the benefits of Gateway’s product and service proposition to Connective members’ clients across Australia  looking for a home loan with a lender that’s a genuine alternative to ‘the banks’.

“Our mantra at Gateway is to make sure we are easy to do business with, whether you’re a broking business, supplier or a customer,” he said.

“It’s this focus that has set us apart and driven our recent innovations, such as the re-engineering of our loan origination model, and the introduction of instant electronic loan document delivery to support the broker channel.”

Connective head of sales and business development Michael Goerner said Connective is delighted to add another mutual to its lender panel.

“Gateway brings a great range of products, along with national support from their BDM team,” he said.

“Gateway also have electronic application lodgement, which is an essential pre-requisite demanded by members using Connective’s industry leading software Mercury,” said Goerner.

The partnership follows Gateway’s decision to start distributing its products through Mortgage Choice and Yellow Brick Road.

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