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Former Homeloans chairman to step down from board

by Reporter4 minute read
Leave, leadership departure, homeloans

The non-bank lender has announced that its former chairman has stepped down its board, set to come into effect following its annual general meeting.

Homeloans has announced the retirement of i former chairman Robert Scott, effective upon the conclusion of the company’s annual general meeting to be held on 26 November.

Mr Scott served as chairman of Homeloans from 2014  to 2017 and as a non-executive director since 2000.

In a statement to the public, Homeloans said: “On behalf of the company, the board would like to sincerely thank Rob for his commitment and contribution to the company during his tenure.”

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Homeloans partners with Athena

Earlier this week, Homeloans and fintech start-up Athena Home Loans, which was founded by former NAB executives Nathan Walsh and Michael Starkey, announced that they have entered into a strategic partnership.

As part of the arrangement, Homeloans will license part of Athena’s digital technology platform and provide the fintech with funding support as well as $2 million in equity investment, which increases Athena’s total capital raise to $20 million.

Speaking to The Adviser’s sister publication, Mortgage Business, joint-CEO of Homeloans Scott McWilliam said that the lender’s partnership with Athena “makes a lot of sense”, claiming that both parties have a shared ambition of improving customer service through digital transformation.

Mr McWilliam added: “We are effectively leveraging off each other’s core competencies and strengths to accelerate on our separate business strategies.

“This partnership allows us to focus our attention on other key drivers which will further contribute to fulfilling our vision of being a customer-obsessed leading non-bank lender.” 

Mr McWilliam also noted that “customer expectations are moving faster than what a number of product providers are able to deliver in the market”, stating that its partnership with Athena would enable the non-bank to further develop its digital offering.

“This is one part of our overall digital transformation program, but an important one. Post the merger [of Homeloans and RESIMAC], we have adopted a customer-centric attitude across all areas of our business,” the joint-CEO continued.

“The opportunity for us is building out on a platform that allows for greater flexibility and greater control by the consumer.”

Mr McWilliam concluded: “An important part of our strategy is putting technology in the hands of the consumer — leading to a better overall experience.

“It’s about moving away from being a product provider and becoming a business partner to our customers.”

[Related: Mortgage Choice at the ‘crossroads’ but ‘not in turmoil’]

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