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The aggregator has announced that the international bank’s home loan product range has now been made accessible for its accredited brokers.
Aggregator Australian Finance Group (AFG) and international bank HSBC Australia (HSBC) have expanded their partnership to offer all accredited AFG brokers and their clients access to HSBC Australia and its full suite of home loan products.
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According to AFG, it began working with HSBC Australia in early 2021 before executing an agreement in September of that year following an “extensive due diligence process”.
AFG general manager, aggregation Them Lam said HSBC’s “strong and trusted brand recognition” and product suite will further improve the aggregator’s extensive panel.
“Over the past two years, HSBC and AFG have been working closely on an engagement model and we are now delighted to make HSBC accreditation available to all our brokers,” Mr Lam stated.
“There has certainly been strong demand for HSBC’s products, and we’ve had a high number of requests for accreditation from our brokers. People know the brand name, and they’re comfortable with it.
“HSBC is a valuable addition to our 80-plus-strong panel of lenders. A further benefit is that AFG brokers can streamline and expedite their accreditation with HSBC through AFG’s online training platform Learn.”
HSBC Australia’s head of channels Christine Artin commented on the partnership: “We are excited to now be able to offer our products and services to all AFG brokers and their customers, and to expand our mortgage broking network across Australia. We look forward to growing the partnership with AFG.”
New white label offering
Recently, AFG announced its new white labelled product suite entitled AFG Home Loans Bright, which includes six new home loan products following its partnership with non-bank lender Brighten Home Loans (Brighten).
The new product suite includes full doc and alt doc offerings for prime and near prime self-employed and non-resident borrowers (including borrowers with non-Australian-sourced income), full doc loans for Australian 188B/C or 888B/C visa holders, and bridging home loans.
AFG home and commercial loans national sales manager Hayden Cush said at the time the new Bright range would serve to “complement AFG’s current stable of products” while allowing the AFG sales team to better serve its members.
“The launch of the AFG Home Loans Bright range is aligned with AFG’s purpose of providing a fairer financial future for all Australians by providing further choice in currently underserved segments of the market,” Mr Cush said.
[RELATED: AFG and Brighten reveal white label offering]
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