Ahead of the launch of commercial loan products, the non-bank lender has welcomed a new head of commercial to spearhead the offerings.
Non-bank lender MA Money has appointed Craig Stuart, the former national commercial business development manager (BDM) for RedZed, as its head of commercial.
The recruitment comes ahead of the launch next month of MA Money’s new commercial loan products, including SMSF commercial loans.
Stuart began in the role on 15 September and joins MA Money with almost three decades in the mortgage industry, mainly in the non-bank sector.
He was most recently at self-employed lender RedZed, where he was the national commercial BDM, and has also previously been head of distribution at private credit provider Msquared Capital, as well as having held roles at lenders Resimac, Bluestone Home Loans, and National Australia Bank.
MA Money national sales manager Tim Lemon said Stuart’s appointment comes at a pivotal time for the business.
“We are committed to ensuring brokers and their clients enjoy the best possible experience with our new commercial products,” he said.
“The seamless credit process and high standards brokers have come to expect from our residential range will be carried over into our commercial loans. We’re excited to bring this new offering to market, and Craig is the right person to lead this division and drive long-term growth for MA Money.”
MA Money noted Stuart’s experience in senior roles across both credit and sales, along with his knowledge of the full lending process and the strong broker relationships he holds.
Stuart commented: “Commercial lending is one of the most exciting growth areas for brokers right now, and I want to make sure MA Money is the partner they turn to for opportunity and support.
“My goal is to make it simpler for brokers and their clients, while providing the same consistency, support and personal service that MA Money is known for on the residential side. Brokers are looking for trusted partners to help them diversify and grow – and that’s exactly what we want our commercial division to deliver.”
Lemon added that the launch of commercial loan products next month marks a significant milestone in the lender’s expansion.
“We believe this will broaden MA Money’s offering to brokers and reinforce our commitment to providing flexible solutions backed by outstanding service,” he said.
In its half-year results published last month, MA Money, which is the lending arm of MA Financial Group, saw its loan book surge by 134 per cent year on year to $3.3 billion.
