Firstmac Breaks $9 Billion Barrier

Australia’s largest non-bank lender Firstmac has added more than one billion dollars to its loan book in just four months, taking it past $9 billion in mortgages under management.

The milestone follows three consecutive months of record broker settlements and high numbers of new broker accreditations.

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20 Sep 2016

Firstmac launches ground-breaking online accreditation system

Non-bank lender Firstmac has launched a cutting edge online broker accreditation system, allowing brokers to quickly achieve full accreditation without leaving their own office.

The system allows brokers to request accreditation, do the necessary training and gain full access to Firstmac’s broker site with just 10 minutes of online work.

National Sales Manager Jake Sanders said Firstmac had developed the new service because of its commitment to delivering innovative and efficient systems for brokers.

“We understand that brokers are busier than ever so we are continually looking for ways to speed things up for them,” Mr Sanders said.

“Old-fashioned accreditation processes have been a major waste of time so we have created a simple solution which offers industry-leading accreditation speed.”

The system makes it much easier for brokers to access Firstmac’s innovative product suite with its unique benefits including discounted rates for investors where they choose to package with an owner-occupied loan, an assessment rate of 7 per cent, and rapid “Fast Trax” refinance.

Mr Sanders said it was commonsense in the current tech-based environment to move to online accreditation.

“Most brokers these days are really comfortable with technology so it is time to move beyond systems that force brokers to attend offsite training,” Mr Sanders said. “This can waste up to a day of their time when they could be building their business instead.”

To gain accreditation brokers simply fill out and submit an online form and watch a short training video covering Firstmac products, policies and processes. An email is then sent automatically to their aggregator to approve. Once it is approved, the broker is sent an email with login details to the Firstmac broker site.

The new system follows Firstmac’s full refresh of its Corporate and Broker websites which has made them easier to use and navigate. The new accreditation system can be found at www.firstmac.com.au/accreditation.

Firstmac Limited is an independently-owned, Australian financial services provider with 38 years’ experience in home and investment loans. Firstmac has written in excess of 100,000 home loans and manages approximately $8 billion in mortgages and $250 million in cash investments. Firstmac is a premier sponsor of the Brisbane Broncos.

Media contact: Duncan Macfarlane on 0434 184 264