100 on-panel lenders and counting for LMG
Mortgage aggregator LMG has expanded its panel to more than 100 following the addition of specialist lender MA Money.
MA Money is a prolific player in the alt-doc space, providing financing to self-employed borrowers, clients with limited employment history and those seeking to consolidate ATO or personal debt.
The lender surpassed $3 billion in loans under management in May and completed its largest-ever residential mortgage-backed security issuance.
Ewen Stafford (pictured, left), LMG’s chief executive and executive director, said the addition was in response to broker demand for more flexible lending options.
“Brokers don’t work with cookie-cutter clients,” said Stafford. “They’re helping small business owners, self-employed borrowers, people juggling multiple commitments. We’ve had a lot of off-panel requests for MA Money, which told us brokers were finding value in their approach.”
With the addition of MA Money, LMG now has 63 residential, 34 asset and 33 commercial finance-focused lenders on panel.
“It’s not just a bigger panel, it’s a broader one,” added Stafford. “Whether brokers are writing a first home loan, funding business growth, or helping a client buy a truck, the options are there. That’s how we’re backing diversified broker businesses.”
Gabrielle Aoun (pictured, right), head of partnerships at MA Money, said joining the LMG panel “is an exciting moment for us”.
She continued: “We’re here to help brokers deliver great results for their clients - fast answers, flexible solutions and a real understanding of what makes a deal work.
“We’re excited to work closely with LMG brokers and be a valuable part of the solutions they offer to deliver better outcomes for their clients.”
Last month, LMG added non-bank lender Moneytech to the panel in order to further expand its reach in the commercial broker market, while Funding and N1 Holdings were also added in May.
