Powered by MOMENTUM MEDIA
subscribe to our newsletter

Non-bank partners with LJ Hooker Home Loans

A non-bank has partnered with the real estate firm’s lending subsidiary to expand its distribution network.

Brighten Home Loans has announced that it will fund white label mortgage products offered by LJ Hooker Home Loans, an offshoot of real estate firm LJ Hooker.

According to Brighten’s head of distribution, Natalie Sheehan, the partnership with LJ Hooker Home Loans, which manages a loan book worth approximately $4 billion, is aimed at further broadening access to the non-bank’s offering, which includes both resident and non-resident mortgage products.

“This arrangement marks the continuation of a busy year for Brighten,” she said.

“In January, we secured an additional $250 million tranche of funding through a warehouse facility with an international bank, followed by the formation of a partnership in April with leading mortgage aggregator Vow Financial, which has over 1,250 mortgage brokers.”

Advertisement
Advertisement

Ms Sheehan added that Brighten is in the process of negotiating agreements with other third-party distribution networks.

LJ Hooker Home Loans CEO Paul O’Regan said the partnership with Brighten would open new market opportunities for the group.

“This relationship serves as a great opportunity for LJ Hooker Home Loans to expand and diversify our home loan solutions,” he said.  

“We look forward to building a long-term partnership with Brighten through technology, product offerings and providing a better experience to our borrowers.”

LJ Hooker Home Loans’ head of product and marketing, Jeff Chapman, added: “Brighten is a market leader in the Australian non-resident lending space and is developing new domestic home loan products. 

PROMOTED CONTENT


“Brighten complements our business and will give our customers greater choice.”

[Related: RedZed prices $400m RMBS]

Non-bank partners with LJ Hooker Home Loans
Non-bank partners with LJ Hooker Home Loans
mortgagebusiness

Latest News

The prudential regulator has written to ADIs to ensure that they are proactively managing lending risks and focusing on lending standards am...

As it waits for APRA to approve its acquisition of MyLife MyFinance, Challenger has flagged plans to expand the bank’s lending remit to co...

Australia has the second-highest mortgage debt as a proportion of GDP among OECD nations, according to a new report. ...

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.