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In a bid to assert its dominance in the specialist lending space, RESIMAC has unveiled a new simplified offering.
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“RESIMAC is committed to providing a specialist lending offering with real differentiation. We don’t focus on promotional gimmicks but on delivering broader products and policies to suit borrowers who may not meet traditional lending criteria” RESIMAC’s chief operating officer Allan Savins said.
Standout changes to RESIMAC’s specialist lending suite include unlimited cash out to 80 per cent LVR across its three specialist products, and simplified borrower credit classification. Maximum loan amounts have been increased, as have the maximum LVRs. A rate discount for continued good loan conduct will remain in order to reward borrowers and improve retention.
“Our expertise in specialist lending is unrivalled as evident by the breadth of our policies that accommodate borrowers with clear or adverse credit, varying employment terms, and alternative forms of income substantiation for self employed. Some lenders who operate in this space simply don’t have the policy to meet the needs of true specialist borrowers” Mr Savins said.
Having continued to lend throughout the GFC in both its prime and specialist products, and issuing its inaugural non-conforming RMBS in 2011, RESIMAC has the appetite to significantly grow this business in a segment where borrowers are not being adequately serviced.
“RESIMAC understands that all borrowers are different and therefore does not take a one size fits all approach particularly with our Specialist Lending products,” Mr Savins said.
“We will continue to enhance our offering and lead the way in providing genuine solutions to this market segment.”
