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Lender announces partnership with brokerage

by Reporter7 minute read
Partnership, handshake, brokerage

A bank has announced that it has expanded its third-party distribution network by partnering with a broking franchise.

HSBC Australia has announced that effective as of this month, its loan products will be available to Smartline’s national broker network.

Commenting on the announcement, HSBC Australia’s head of mortgages and third-party distribution, Alice Del Vecchio, said: “Smartline is widely recognised for its incredibly strong culture, high-quality standards and award-winning franchise model.

“We’re excited to be able to offer our products and services to Smartline customers around the country.

“It has now been over a year since we re-entered the broker market and we have been delighted with the progress we’ve made. Feedback from brokers and customers has been very strong.”

CEO of Smartline Sam Boer, who was appointed to the role in July after serving as Commonwealth Bank’s general manager of third-party banking, added: “HSBC is a well-recognised global brand with a comprehensive range of home loans that will help us meet the needs of our customers.

“We take pride in the longevity of our customer relationships and the strength of our customer service, and we believe this partnership is a great fit.”

[Related: Property group posts $29.3m third-party revenue]

handshake partnership ta
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