Brokers are increasingly looking to a broader range of lenders on their panel, with one non-bank commercial lender recording an increase in broker enquiries.
According to Sintex’s general manager Cathy Dimarchos, the lender is receiving good quality business from smaller brokers who would normally send their loans to “the banks or other lenders”.
“Smaller broker groups with their ACL’s are quick off the mark to make the change and to extend their lending offerings more so than others within the industry,” she said.
In the last few months, Sintex extended its commercial loan suite of products to brokers and, according to Ms Dimarchos, the response has been “brilliant”.
“They don’t seem to face the same types of obstacles that larger company’s face, they simply introduce the product to their product suite, tell their network and referral base that they now have a commercial loan offering and immediately see the enquiry level come through,” she said.
“It’s a delight to see brokers are breaking down the barriers and perception of commercial loans being difficult. With the Sintex commercial loan the process is simple and transparent and the team here is focused on service.
“Our niche is small ticket, non-specialised commercial loans. Therefore keeping it simple makes the process for the broker and the consumer easy. We have quick turnaround times and this ensures a positive outcome all-round.”