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Mortgage broking company Niche Lending has launched a new aggregation group, Niche Professional Services, which it claims will focus on driving loan quality rather than quantity.
The aggregator, which currently operates on behalf of four brokerages has full backing from some of the country’s biggest home loan lenders including the Commonwealth Bank of Australia.
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According to business development manager, Chris Straw, the group aims to have 30 to 50 mortgage broking companies on its books within the next few years.
“We don’t want to grow out of proportion, because when that happens, it becomes impossible to control and maintain quality,” Mr Straw said.
“We want to stay relatively small and niche so that we can make sure the brokers on our list are given the ultimate service and the best possible commission rates on offer.
Niche Professional has set its stall out around achieving the highest possible commission rates for its member groups through collectively delivering achieving a high level of quality business to the banks.
“We are looking to grow through quality and make sure that loan quantity does not become the main driver of growth.”
“We have received a tremendous amount of support from the lenders who are excited about our promise of quality,” Mr Straw said.
