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Brokers aggregating under PLAN Australia will now be able to access loans from the neobank as it joins the group’s lender panel.
The 1,600 brokers aggregating under PLAN Australia can now write loans with the digital lender after it signed a partnership agreement to join the group’s lender panel.
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According to the NAB-owned lender, its inclusion onto the PLAN panel means that more than 85 per cent of Australia’s brokers will now have access to its fully digital mortgages: the Own home loan and Neat home loan.
It currently has 15 strategic partnerships, including eight major aggregators, in place.
Commenting on the addition to the panel, the CEO of PLAN Australia, Anja Pannek, said: “We are committed to seeing our members grow, thrive and service their customers with a suite of innovative lending products that spans the spectrum of needs.
“Partnering with 86 400 is yet another step in supporting our brokers excel in the competitive broking world.”
86 400’s head of broker distribution, George Srbinovski, added: “We’ve experienced incredible momentum in the mortgage space this year, and look forward to building on this and working with even more brokers in the months to come.
“With PLAN Australia on board, one of the country’s largest aggregators, 86 400 is able to reach even more brokers than ever before and help more Australians secure a smarter home loan.”
The neobank has so far seen $675 million in home loans settled (and awaiting settlement) and recently launched a direct-to-consumer offering into market, after being acquired by NAB (for its direct-to-consumer brand UBank).
[Related: Non-majors and non-banks continue to dominate: Broker Pulse]
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