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Three new business development managers have been appointed to support brokers, as the non-bank sees a 375 per cent increase in broker applications.
Non-bank lender Bridgit has expanded its state-based distribution team amid surging demand for bridging loans from the broker channel.
Three new BDMS have been appointed to the team, including:
- Matthew Pride (Victorian BDM). Based in Melbourne, Pride joins Bridgit from ALI Group and previously spent seven years as a senior relationship manager at NAB, three years as a BDM at Virgin Money, and three years with Finconnect.
- Jolene Farrow (Queensland BDM). Based in Brisbane, Farrow has more than 17 years’ experience, including as a broker, and was most recently a partnership manager at WLTH. She also has previous experience in banking, having been a lending support officer at St.George Bank and a lending manager at the Commonwealth Bank of Australia.
- Lili Barron (NSW BDM). Based in Sydney, Barron has nearly 20 years of experience in finance, including as a finance broker. She was most recently a senior BDM at Deposit Power and has also worked at a range of financial institutions including ME Bank, Better Choice Home Loans, Australian First Mortgage, and Pepper Money.
The new hires join Nik Thurgood (a senior BDM appointed earlier in the year) and Michael Balshaw (regional director, Victoria, South Australia, and Western Australia), along with their national broker support team.
Speaking of the new hires, Bridgit’s head of distribution Stephen Doyle said that the non-bank had doubled the BDM team to service the growing business demand, revealing that broker applications had increased by more than 375 per cent in the new financial year.
He said that the expanded BDM team would enable Bridgit to provide “top-tier, hyper-localised support” to the network of brokers it currently supports across the country.
Doyle said: “The role of a broker has arguably never been more important for Aussie home owners navigating today’s competitive market. With houses being listed on market for as little as 33 days [according to CoreLogic] in some states, it has become increasingly difficult for many home owners to take their next step.
“As our accredited broker network continues to expand and our volume of inquiries and demand increase, we are delighted to be scaling Bridgit’s distribution capability to match growing demand.
“By expanding our state-based distribution team, we can provide tailored, on-the-ground support that reflects the nuances of each area to our accredited broker network. This local expertise and support can be the difference between home owners securing their next property or losing out.
“Jolene, Matthew and Lili each bring a wealth of expertise and a deep local understanding of their respective markets, and will be instrumental in supporting us achieve our goal of helping as many Aussies as possible make progress and secure their dream property.”
[Related: Bridging dreams]
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