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By: Jessica Darnbrough
Mortgage Choice’s latest acquisition, Loankit, is hoping to shake up the aggregation industry with a unique broker offering.
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Loankit’s chief executive officer Kym Rampal told The Adviser that the “new and improved” aggregator would offer something no other company offers to date.
“One of our options will allow our broker members to lease out our IT platforms and infrastructure for their own purposes,” Mr Rampal said.
According to Mr Rampal, Loankit won’t require brokers to join the aggregation group in order to take advantage of its technology and infrastructure offering.
“We understand that changing aggregator can often be a difficult and arduous task, and we don’t want to make a broker’s life any harder than it already is. But the fact of the matter is, some brokers don’t get the necessary support and infrastructure from their current aggregator, and that is something we want to change,” he said.
But while Loankit will allow brokers to lease its infrastructure, it does hope to take on 50 brokerage groups in the first 12 months after launch.
Mortgage Choice’s chief executive officer Michael Russell said this growth target was fairly conservative given the aggregators unique broker offering.
“Mortgage Choice acquired Loankit because we saw great value in the company and its services. Next week, a new and improved Loankit will be launched and billed as an aggregator that can successfully cater to established medium to high end brokerage groups.”
