A non-major bank has been added to broking group Loan Market’s lender panel.
MyState Bank has announced that it has expanded its third-party distribution network by joining Loan Market’s lender panel.
Loan Market brokers will now have access to MyState’s mortgage and personal loan offerings.
Following the announcement, MyState’s general manager of banking, Tony MacRae, welcomed the new partnership and highlighted the strength of the broker proposition.
“With over 60 per cent of Australians preferring to use the services of a mortgage broker when purchasing a home, our strong commitment to the industry will remain unchanged,” he said.
“Growing our partnership with Loan Market is a win-win, giving Loan Market’s customers, and their brokers who service them, direct access to MyState Bank’s leading products and standout service.”
MyState is the latest lender to join Loan Market’s panel after low-deposit lender Granite Home Loans and BOQ subsidiary Virgin Money joined its ranks in November.
[Related: Loan Market partners with 100% LVR lender]