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Non-bank doubles settlements

by Staff Reporter8 minute read
The Adviser

Staff Reporter

Advantedge’s sharp rates have helped the wholesale funder more than double its mortgage settlements.

According to a statement from the lender,  Advantedge has continued to see strong demand for its home product suite with mortgage applications up by 48 per cent in February 2013 compared with February 2012, while mortgage settlements grew 106 per cent over the same period.

Brett Halliwell, general manager of Advantedge Distributions, said the strong results were driven by a number of factors, including simple and quality home loans, competitive rates, exceptional service, greater flexibility and market leading commissions.

“Across our three brands, PLAN Lending, FASTLend and ChoiceLend, we have seen a 27 per cent increase in our entire home brand book over the past year,” Mr Halliwell said.

“Brokers are voting with their feet and our home brand products are becoming the preferred choice of their product armoury. Growth has been fueled by a combination of our focus on continual improvement and innovation based on our broker feedback.

“PLAN Lending, FASTLend and ChoiceLend products provide a simplified lending solution which brokers and their customers deserve.

“We are committed to continuously improving our offering in the year ahead to ensure that we are providing brokers and their customers with the most competitive products and service in the market.”

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