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Staff Reporter
Australian Loan Company (ALCo) has strengthened its white labelled mortgage product, Acuta, with the launch of 95 per cent LVRs.
The introduction of a 95 per cent LVR has served to enhance an already competitive suite of products offered under ALCo’s white labelled brand.
The product strengthening follows hot on the heels of the company’s Lenders Mortgage Insurance promotion, through which the cost of LMI is covered where the premium does not exceed $4,380.
The 95 per cent LVR was made possible after Acuta was recognised by its funding partner RESIMAC as a tier one lender.
The Australian Loan Company’s general manager Lesley Wood said being recognised as tier one was a great step forward for the company.
“Acuta was developed for the benefit of our members and an improvement such as this puts our members in a great position to take full advantage of their in-house lender,” Ms Wood said.
“More than ever before, we can be seen as a viable alternative to the majors and have a greater impact in the market.”
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