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The digital lender has poached the new recruit from Yellow Brick Road, where he has worked since 2016.
Digital lender WLTH has named David Stewart as its new distribution operations manager in a move partly aimed at the business supporting a broader network of mortgage brokers.
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Bringing more than 10 years of experience in the financial services industry, Stewart joins from aggregator Yellow Brick Road (formally known as Vow Financial), where he held the roles of national platform manager and state manager for Queensland and Western Australia for more than four years. Prior to that, he was business development manager at PLAN Australia.
Brisbane-based WLTH said Stewart brings a proven track record of optimising distribution operations and driving operational efficiency. The appointment plays a key role in aligning WLTH distribution strategies with its long-term business goals, ensuring it can continue to support a broader network of mortgage brokers and prospective borrowers, the lender said.
Stewart has previously worked across business development, compliance, and the third-party channel, particularly in aggregation. He has also led teams to streamline processes, boost productivity, and enhance customer satisfaction, according to WLTH.
“I’m excited to join WLTH at a pivotal time as we continue to innovate and expand our offerings for digitally-focused brokers. The new line of products are a perfect example of our commitment to providing brokers with greater flexibility and more tailored solutions,” said Stewart.
“With my background in optimising distribution operations, I’m eager to work alongside the team to streamline processes, improve efficiency, and ensure our distribution strategies align with WLTH’s long-term vision of supporting brokers and helping them better serve their clients.”
New partnership and products for WLTH
WLTH also announced an expanded broker offering through a partnership with Quickli and a new line of products.
The digital lending and payments fintech became the latest mortgage firm to integrate serviceability and policy engine Quickli into its platform.
Through Quickli, WLTH said it is providing brokers with a tool that simplifies the servicing calculation process, allowing them to focus more on client relationships and less on administrative tasks.
Quickli’s platform allows brokers to quickly access servicing calculations on over 30 different lenders, reducing the time spent on paperwork and compliance checks. The integration can enhance productivity and save brokers time in delivering a faster and more streamlined lending experience for their clients.
“We’re excited to partner with Quickli to help brokers save time, improve accuracy and enhance their client service,” said WLTH CEO and co-founder, Brodie Haupt.
“This collaboration supports our goal to provide brokers with the tools they need to offer the best lending options.”
WLTH has also expanded its product offering with a line of products that leverage a new set of loan uses, including higher loan sizes, commercial securities, and more supportive policy criteria aimed at helping business owners and those who are self-employed.
Haupt said: “At WLTH, we’re focused on empowering brokers with the right digital enablement tools to better serve their clients. Our integration with Quickli streamlines servicing calculations and provides seamless access to our full range of residential and commercial loan products, including self-managed superfund lending, co-living and construction loans to name a few of our products that brokers love to choose.”
[Related: Online brokerage partners with Quickli]
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