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The non-major lender has announced its partnership with a mortgage aggregator, in a move designed to enhance its presence in the broker channel.
Virgin Money has been added to third-party aggregator National Mortgage Brokers’ (nMB) panel of lenders, providing accredited brokers with access to the non-major’s home loan products.
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Commenting on the announcement, Greg Boyle, CEO of Virgin Money, said: “We remain committed to supporting choice for home buyers through a competitive and sustainable mortgage broking industry in Australia.
“We’re excited to be partnering with nMB and confident our Reward Me Home Loans will offer nMB’s customers greater choice and a more rewarding borrowing experience.”
Virgin Money noted that its partnership with nMB is part of its broader commitment to enhancing its service proposition for brokers and customers, pointing to the expansion of its BDM team, the development of a sales support team, the introduction of digital acceptance for home loan documents, and its focus on improving turnaround times.
Virgin Money’s head of distribution, Christian York, added: “Buying a home is one of the most important decisions in our customers’ lives and we are committed to helping first home buyers achieve their home ownership dreams sooner.
“We will continue to listen to the feedback from our broker partners and enhance our offering for our customers.”
CEO Greg Boyle attributed growth in Virgin Money’s home loan portfolio, which currently totals approximately $2 billion, to the support of its national broker distribution network.
“We’re delighted to see the unique proposition we’ve created is resonating so well with brokers and borrowers across the country,” Mr Boyle said.
The managing director of nMB, Gerald Foley, welcomed Virgin Money to the aggregator’s panel.
“We are always looking to ensure our brokers have a diverse range of products for their customers,” he said.
“Virgin Money brings us not only a well-known and respected brand but the strength of its products and service offering. It’s great our broker network can now access these.”
[Related: Virgin launches digital portal for mortgage applications]
