Powered by MOMENTUM MEDIA
Mortgage business logo

Listed lender records 47% settlement growth

ASX-listed lender DirectMoney has reported monthly unsecured personal loan settlements of $1.15 million in October.

In a trading update, the group said growth in loan volumes continues with the number of settlements up 47 per cent on the prior month (September loan settlements were $782,548.00).

DirectMoney has now written to approximately 490 borrowers. The group affirmed its ongoing focus on stringent credit assessment processes and the new product distribution agreements.

“Month-on-month loan settlements are growing at pleasing levels and this is reflected in our strategy of working with strong loan origination partners and building awareness of DirectMoney’s products directly with consumers,” DirectMoney executive chairman Stephen Porges said.

“The quality of loans written is also an important benchmark for the company, with strong credit assessment processes critical in building a quality loan book," he said.

“This is a key measure for DirectMoney and fundamental as we build our position as a leading Australian marketplace lender.”

Share this article
brokerpulse

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

brokerpulse graph

What are the main barriers to securing a mortgage at the moment?