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After months of industry rumblings, Macquarie Bank has broken its silence on its intentions to re-enter the mortgage broking industry.
A spokesperson for the bank yesterday confirmed that it had been approached by a number of mortgage broking companies looking to combine forces to create a major aggregation group.
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Macquarie would not disclose the identity of the groups that were involved however they are believed to include The Brokerage, National Brokers Group and The Mortgage Professionals.
“While we are still unsure as to whether or not this aggregator group will come to fruition, if it does I can say that Macquarie will act solely as the company’s facilitator,” the spokesperson told Mortgage Business.
Macquarie’s comments follow Specialist Mortgage yesterday distancing itself from media reports linking it with the three other groups cited as part of the new aggregator.
Specialist Mortgage managing director William Lockett categorically stated that his brokerage would remain independent.
“Specialist Mortgages is not merging with any other companies and nor do we intend to,” Mr Lockett said.
Macquarie was also quick to dismiss any talk of investment in the proposed aggregation group.
Last week the Sun Herald said Macquarie would inject capital into the upcoming mortgage broking venture.
“This will not be a Macquarie aggregator group, it will be a group facilitated by Macquarie,” the spokesperson said.
