Jessica Darnbrough
Proving that the aggregator model is still alive and well, Loankit is today celebrating a new broker recruitment milestone.
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The aggregator’s head Kym Rampal said Loankit had recruited 100 brokers since it was relaunched by parent company Mortgage Choice on 30 April 2010.
“Having focused on recruitment since early last year, we are thrilled to reach this professional highlight. It’s encouraging when your business experiences success after hard work,” Mr Rampal said.
“LoanKit, in comparison to the majority of other aggregators, offers brokers the freedom of employing their own sub-contractors and other employees while benefitting from dealing with one in-house team for all their service needs.
“Especially important at present is that our broker members can maintain their independence while enjoying the protection of an experienced, responsive corporate compliance department.”
The aggregator now provides mortgage tools and services to 150 brokers nationwide, with the ‘compliance in a box’ option being especially popular. This is where the broker can hold his or her own Australian Credit License but have LoanKit’s in-house compliance team manage their NCCP needs.