One of Australia’s biggest specialist lenders has increased the volume of markets it services, giving brokers more opportunities to write specialist loans.
Late last week, RESIMAC announced it would add an additional 11,800 locations to its specialist lending program, meaning the lender will now consider a security property virtually anywhere within Australia.
Brokers can refer all locations to the Acceptable Property Location Tool to determine the maximum loan amount and LVR.
RESIMAC's chief operating officer, Allan Savins, said the move supported the company’s growth strategy for 2013.
“We launched this business five years ago and we have grown steadily over that time. Today, we enjoy great demand and have an excellent underwriting team, so we believe the business is at a place where we can open the taps and lend more,” he told The Adviser.
“I believe this move shows a maturity in our business. It complements our desire for growth and highlights the fact that we are ready to lend.
“Specialist lending continues to be a key focus for RESIMAC. We believe this latest policy enhancement along with our existing products and policies stand us apart from our competitors.
“RESIMAC will continue to listen to your feedback and we remain committed to providing market leading products to our valued business partners.”