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Pepper’s tailor-made approach puts brokers at the heart of the non-bank lender’s offering
At Pepper, we believe that every Australian deserves the opportunity to obtain a home loan – regardless of the financial situation they’re in.
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Our home loan products are developed through close consultation with brokers to meet the needs of borrowers whose application for finance sits ‘outside the square’ of mainstream lending criteria.
Supporting brokers across Australia, Pepper has a team of experienced, local business development managers as well as a specialist underwriting team that assesses every home loan application on its individual merits.
In 2013, we launched ‘The Brand Hand’, through which our brokers receive ‘Pepper Points’ for every Pepper home loan they settle. These points can then be redeemed for tools that will boost your marketing activity and help strengthen your brand.
Our products are tailored to allow brokers to help more of their clients, and we have recently made some significant improvements across our suite of home loan products to provide an even more competitive offering.
“We believe in transparency to help ensure our broker network is equipped to capitalise on more opportunities, increase the conversion rate from interview to settlement, and open up a new area of referrals to grow brokers’ businesses,” Pepper’s national sales manager, Richard Socratous, says.
“Our goal at Pepper is to offer our brokers and borrowers the best products and services to meet their needs, including providing more ways to assist brokers to prudently validate and verify borrowers’ income.”
Recent product changes open up a range of new opportunities for brokers to write specialist loans, and include the introduction of the Pepper Accountant’s Letter template – endorsed by Gadens Lawyers – for self-employed income veri cation on Pepper Self-Employed Advantage (excluding Jumbo and PLUS) and Pepper Easy (alt doc).
Pepper Easy ‘near prime’ products have recently been updated, with an up to 90 per cent LVR (full doc) and 85 per cent LVR (alt doc), and with the maximum loan amount increased to $1.25 million.
“Pepper is committed to responsible lending,” Mr Socratous said. “We recognise the importance of working with brokers to ensure we all play our part in conducting business in an ethical, responsible manner.”
Richard Socratous is national sales manager at Pepper.
