Jessica Darnbrough
Aggregator white label products are expected to become even more popular in 2013, as one of Australia's leading groups signals its intention to boost its broker offering.
Speaking to The Adviser, FAST’s chief executive Brendan Wright said the aggregator would look to ramp up its white label product over the coming year to cater for broker demand.
“We are seeing a lot of demand for our white label products and we want to cater to this demand,” Mr Wright said.
“Brokers and their customers are crying out for alternative products to [those of] the big four and white labelling provides them with that. White labelling is not just a strong alternative to the majors, it also gives brokers more control over turnaround times and indeed the entire loan process.
“Moreover, it provides them with certainty around commissions. They know exactly when they are going to get paid.”
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