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One of Australia’s national law firms has announced plans to offer legal services to self-managed super fund (SMSF) lenders.
Mortgage Settlements Australia's chief executive Ayhan Baba said SMSF lending is experiencing potential growth and lenders are crying out for streamlined processes and access to law firms.
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“SMSF lending is a growing area of mortgage lending that we cannot ignore,” Mr Baba said. “We have positioned ourselves front and centre in this space and are delighted to offer lenders unique solutions that will streamline the legal part of the process.
“Our clients and their customers have benefited tremendously from this innovation. It is another example of our focus on mortgage lending legal services and our commitment to be an industry leader in the field.”
MSA already acts for a number of major financial institutions, providing mortgage documentation and settlement services nationally.
According to Mr Baba, the move into SMSF legal services is a clear message to the mortgage industry that MSA is more than just a processor of home loans.
“We have a depth of legal talent within MSA that offers lenders so much more than processing capabilities. Whilst we are proud of our innovations in that space, we want the market to know that we have thought leaders within MSA who are subject matter experts in banking and finance law.”
