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Aggregator adds another lender to its panel

by Nick Bendel7 minute read
The Adviser

Custom Equity Group has now partnered with two lenders in two months after adding Teachers Mutual Bank to its panel.

The Sydney-based aggregator, which now has 31 accredited lenders, also added Bank of Queensland to its panel in March.

Custom Equity managing director Sean O'Brien told The Adviser that the Teachers Mutual deal was part of offering a comprehensive and competitive product suite to its members.

“The more diverse an aggregator’s lender panel is with quality lenders [the better it is for] the whole third-party distribution market [and] also for the broker who has access to that lender’s product,” he said.

“Not only is it a win for the broker, but also ultimately it is a win to the consumer who deals with that broker.

“For example, Teachers Mutual is currently offering an extremely competitive three-year fixed rate product with 100 per cent offset – a win for everybody.”

Teachers Mutual’s national manager of third-party distribution, Mark Middleton, said the lender looked forward to working with Custom Equity’s brokers.

“Custom Equity Group matches our strategic plan to work with a select number of aggregators, both large and boutique, to ensure the diversity of our brokers and overall national distribution reach,” he told The Adviser.

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