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As Australasia’s largest aggregator, LMG is committed to leading a ‘broker-lution’ for the industry.
Executive Chairman of LMG Sam White said: “Amplifying the voice of brokers on industry matters to deliver greater outcomes for businesses and their customers is a strong focus for LMG”.
Mr White said LMG will drive positive change in the broking industry on the pain points for brokers including clawbacks, net of offset, channel conflict, lender retention policies and paid referral programs.
“With a bigger, united voice, we’ll seek to drive change that will make it easier for our brokers to build their businesses while delivering the best outcomes for clients across all their finance needs.”
LMG has been family-owned and operated since Mr White launched the company in 1994.
“As a family company with family values, our mission is to support other family-owned businesses to be more successful,” he said.
The home for all good brokers
LMG provides a choice of service plans to suit their members' differing business models and sizes.
“Whether you’re a large, diversified business or a single operator, there’s a home for you at LMG,” said Mr White.
Uniquely, brokers can choose to partner with LMG through their own brand or by leveraging the 28-year-old consumer brand, Loan Market. Loan Market-branded brokers boast an average client score of 9.8 out of ten and are some of the most highly-reviewed and productive brokers in the industry.
Uniting close to 5,000 brokers, LMG’s size provides unique opportunities for professional development. Brokers can learn from entrepreneurs with big ambitions, find growth mentors and participate in their learning and development programs, including daily webinars, personal development days and the industry’s biggest national conference.
Helping brokers do more than just mortgages
Mr White recently unveiled LMG’s blueprint, outlining specialised systems and expertise across residential, asset finance and commercial lending.
LMG’s people, software and services combine for holistic support that enable brokers and their teams to do more for their clients, he said.
LMG has a dedicated Asset Finance team and dedicated Commercial Finance specialists who are helping brokers diversify their client services.
“We’re making it easy for brokers to build on the trust they’ve developed with their clients and unlock new growth opportunities for their businesses.”
Investment in technology and innovation
The move to unite Loan Market, PLAN Australia, Choice Aggregation, and FAST (PCF) aggregation brands under one as LMG means the company can invest behind scale.
LMG’s award-winning tech platform, MyCRM, is the Number One software solution in the broking industry as voted by brokers. It’s also in the top percentile for compliance and risk aversion when reviewed by PwC. Created with a ‘compliance-by-design’ methodology, it reduced the amount of work required by brokers and their teams.
The paperless, all-in-one tech platform powers every component of a broker’s business, enabling them to lodge deals faster and providing a simple, seamless onboarding experience for clients.
“Our scale allows us to continue to strengthen the broker-client relationship now and into the future through further investment in technology and innovation,” said Mr White.
‘The decade of the broker’
With broker share of lending now over 70%, the opportunities for mortgage brokers have never been stronger.
Mr White believes the fundamentals are in the place to welcome ‘the decade of the broker’. By leading the ‘broker-lution’ across the industry, LMG will deliver more Australian families the expertise and support they need to make it easier to save, borrow and invest their hard-earned money. In the process, the ‘broker-lution’ will take the broker-client relationship to a new level.
“By coming together as LMG, we’re leveraging the industry’s best technology and resources, supporting each other’s growth and speaking with a louder voice on issues affecting brokers and their clients,” he said.
“We’re on a mission to make broking not just better, but brilliant. We call this the broker-lution”
To find out how LMG can support your ambitions, contact the team at LMG today.
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