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LMG has launched a new suite of digital-first mortgages for its brokers, built in partnership with Athena Home Loans and brokers.
Aggregation group LMG has launched a new LMG Lending website with three new home loan products, developed in partnership with Athena Home Loans.
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Co-designed with brokers, the new Apollo range is available to both LMG and Loan Market brokers.
It includes:
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Apollo Max: for owner-occupier or investor clients seeking up to $2.5 million who want options like loan splits, offsets, or want to borrow against multiple properties.
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Apollo Pro: for self-employed or low-doc borrowers seeking up to $2.5 million, available up to 80–85 per cent loan-to-value (LVR).
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Apollo Plus: launching in ‘late November’, the Plus range is for sophisticated investors using company or trust structures, with premium features suited for complex financial needs.
Full-doc loans have amortised clawback over 18 months, while the low-doc products with upfront fees paid have no clawback after six months.
A client-facing app has been rolled out for the Apollo suite to enable borrowers to self-service, while brokers can receive real-time updates through Apollo’s direct integration with MyCRM.
The integration into Simpology 2.0 can reportedly deliver credit assessments within a day.
Announcing the new Apollo suite, LMG said the products offer “a powerful blend of maximum borrowing power, flexible policies, fairer clawback and a seamless digital experience”.
Ewen Stafford, LMG’s executive director & chief operating officer, said: “We’re thrilled to bring Apollo to life with Athena. This isn’t just about launching a new product, it’s about empowering brokers with a digital advantage.”
While LMG already has a range of white label loans under the Go Money brand (funded by Thinktank, Pepper Money, and Advantedge), the Apollo line is the first LMG Lending offering developed with broker feedback.
“Apollo was built with brokers’ input every step of the way, so they can deliver even better outcomes for their clients,” Stafford said, noting that Athena and LMG had held a series of “co-creation workshops” with more than 75 brokers across the country.
Nathan Walsh, CEO and co-founder of Athena Home Loans, said: “Apollo has been architected with brokers at the centre, using digital innovation to deliver exceptional lending experiences – for brokers and their customers.
“Apollo is a testament to what’s possible when two forward-thinking companies align strategically with a single mission.
“We are incredibly proud to be partnering with LMG to continue to change home loans for good.”
The Apollo range is the latest offering that Athena has developed with the broker channel, having also partnered with Mortgage Choice to co-develop the Mortgage Choice Freedom white label loan suite.
[Related: Athena to co-create new mortgage product with brokers]
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