New non-bank lender set to enter broker channel
subscribe
A
A
Mortgage Street is set to relaunch into market as a new non-bank lender operating via the broker channel.
Mortgage Street, a home loan company which was acquired by mortgage management company Mortgage House in 2008, is set to relaunch as a non-bank lender servicing the broker channel later this year.
The lender, funded by Mortgage House, will enable brokers with their own Australian Credit Licences (ACLs) to accredit directly and access the lender’s home loan products, which will be “fully digital”.
Speaking to The Adviser, Mortgage House founder and chief executive officer, Ken Sayer, revealed that the idea to launch the new player into market came off the back of broker feedback.