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ISCOVER
Staff Reporter
Connective has announced it will partner National Mortgage Company to launch a new white label offering.
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The offering, known as Connective Home Loans, will be distributed exclusively through Connective, serviced by NMC and funded by both ING Bank and Adelaide Bank.
“The way we’ve structured the arrangement enables us to easily add additional or alternate funding sources should it be required or desirable to do so,” Connective’s head of sales and business development Michael Goerner said.
“At Connective we’ve always done things fundamentally differently. With our white label offering we’ve again taken advantage of being in a position to make independent decisions, and the end result is a strategic offering which will deliver long-term benefits for our members and their clients.
“Aside from a great product with a sharp rate, we’re confident the accompanying service offering will be a winner with our 1,200 member brokers and their clients. We’ve also delivered on our members’ articulated desire for a flexible product which provides great construction options, including a seamless progress draw process.”
Connective principal Murray Lees said when the aggregator first revealed it was looking to develop a white label offering, they knew it needed to be unique in order to surpass its members’ expectations.
“We are now on the eve of piloting a competitively priced, fully optioned home loan which is accompanied by exceptional service levels for both brokers and borrowers. Importantly, the product has been structured to move and evolve at our discretion with the changing markets,” Mr Lee said.
Connective intends to pilot Connective Home Loans with a select group of brokers during June and July, with a full launch planned for the beginning of August.
