The aggregator has welcomed three new lenders to its panel as it prepares to offer its members “innovative lending solutions”.
Purple Circle Financial Services has appointed three lenders as it aims to address accessibility issues to the housing market and small and medium-sized enterprises (SMEs).
The aggregator appointed the lender for the independent borrowers RedZed; the commercial, residential and self-directed (SMSF) pension fund lender (SMSF) Mortgage Mart and the commercial lending market Valiant Finance to its panel.
Commenting on the partnerships, Purple Circle COO Frank Paratore said, “The loan is not a one-off situation. Clients have different requirements depending on their situation, and we provide our members with a diverse panel of lenders to help them meet these different client requirements.
“As an aggregator, it is essential that we partner with innovative lenders who offer a wide range of products and services tailored to the ever-changing lending landscape, and it is essential that our members have a say with it. who we partner with. This allows us to provide better support and better service.
The addition of the three lenders follows Purple Circle’s announcement last year that it had added neobank 86,400 (which is in the process of being acquired by NAB) to the store aggregator’s panel of lenders.
In December 2020, Purple Circle reported that its colonies had grown by more than 51 percent in October, which followed a 14.33% increase in settlements in August 2020 and a 52.8% increase in settlements over the previous year.
[Related: RedZed joins aggregator panel]
Malavika Santhebennur is the Mortgage Securities Editor at Momentum Media.
Prior to joining the team in 2019, Malavika held positions at Money Management and Benchmark Media. She has been writing about financial services for six years.