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The brokerage has joined the newly launched LMG Commercial Referral Hub, in a move to expand its commercial finance solutions.
Marketplace Finance has announced its advance into commercial finance by partnering with Loan Market Group (LMG) expanding into its new Commercial Referral Hub.
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This partnership offers chosen brokers an easy-to-use portal for a complete commercial finance solution, head of third-party relationships at Marketplace Finance, Dino Pacella, said.
“We are thrilled to partner with LMG and unveil our Commercial Referral Offering,” Mr Pacella said.
“This partnership marks a pivotal moment in our business, enabling LMG brokers to elevate their own businesses and cater to a wider range of client needs.
“Our commitment to LMG brokers goes beyond just providing a powerful commercial finance solution.”
This initiative is aimed at equipping brokers with the essential resources and expertise required to navigate the challenges of the current competitive market landscape, Mr Pacella explained.
“Our goal is to be a trusted partner in their journey towards success, fostering lasting relationships built on trust, transparency, and unwavering support,” Mr Pacella said.
The collaboration opens doors to previously untapped commercial opportunities, enabling brokers to capitalise on new revenue streams, while also providing them access to a suite of commercial solution.
Furthermore, the partnership will include mentoring opportunities aimed at empowering brokers to enhance their knowledge of commercial loans, guided by Marketplace Finance’s team of experts.
In an earlier move, Marketplace Finance and My Local Broker (MLB) entered a partnership to further bolster MLB broker commercial loans.
The collective broking, lender referral, and loan product selection expertise of the two companies have now been combined as a result of this union.
Sub-aggregator MLB sees Marketplace Finance offer its commercial referral services to MLB brokers, helping them with their diversification into commercial lending, Marketplace Finance explained at the time.
Furthermore, the brokerage recently welcomed Kim Le Sech, expanding its relationship management team and underscoring its partner commitment.
Ms Le Sech role supports partners in venturing into commercial lending, thereby fostering increased business prospects, Mr Pacella said.
[Related: Marketplace Finance recruits relationship manager]
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