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ISCOVER
Staff Reporter
Following its decision to enter the third party distribution channel, ME Bank has strengthened its broker support team, appointing a new national manager, brokers.
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Stewart Saunders will move into the new role immediately having been with ME Bank for the past five years.
"While the mortgage broking industry is a new challenge for Stewart, his experience in establishing strong working relationships delivered through mutually beneficial partnerships will allow ME Bank's exceptional customer service proposition to be provided to brokers and aggregators across Australia," the bank's group executive, brand, product and distribution Ian Hendey said.
"This will be conveyed through clearly communicating and demonstrating ME Bank's principle of providing genuinely fairer banking, which for brokers will be delivered through transparent processes and support, as well as direct access to credit staff and Business Development Managers."
Mr Saunders was most recently manager of funding and liquidity at the bank, and has previously worked on executing transactions for ME Bank's residential mortgage securitisation program, participating in over $12 billion of transactions during his time in the finance department.
"I am excited to establish strong relationships with mortgage brokers and aggregators across Australia which will allow ME Bank to better engage with consumers," Mr Saunders said.
"Nearly 50 per cent of these prospective customers would prefer to source their home loans through third parties and we believe that the service provided by mortgage brokers will only add to ME Bank's great customer service and value proposition."
ME Bank is currently working with National Mortgage Brokers to roll out its product suite. Moving forward, ME Bank will take a strategic approach to methodically expand the distribution channel to include the nation's largest aggregators over the next six to nine months.
