Reverse mortgage lender adds support staff across NSW and Victoria
Household Capital has surpassed $1 billion in reverse mortgage loans, marking a company milestone as it expands its broker support team.
The lender, which provides finance options for Australian homeowners aged 60 and over, has appointed three staff to support mortgage brokers across New South Wales and Victoria and assist with the loan application process.
Tammie Hotz has joined as business development manager for the NSW broker network. Based in Sydney, she has more than 30 years’ experience in lending and will work with brokers who support older borrowers seeking to remain in their homes in retirement.
Kylie Fox has been appointed business development manager for Victoria. She joins Household Capital after eight years as a business development manager at Suncorp Bank and will focus on reverse mortgage solutions for brokers and their clients.
Jack Rosier has also joined the business as broker support associate. His role includes application support for brokers and borrowers.
“Reverse mortgages are enabling more Australians over 60 to tap into the equity in their homes to cover healthcare, to renovate or pay out the bank mortgage,” said Shelley Wettenhall (pictured top), head of broker distribution at Household Capital.
“As their clients age, an increasing number of brokers are recommending a reverse mortgage to meet their clients’ finance needs. These appointments reflect Household Capital’s commitment to the broker sector.”
The appointments follow Household Capital’s reduction of interest rates across its product range and the launch of a broker portal designed to improve the application process.
“By lowering our interest rate and enhancing our tech stack, we are reaffirming our commitment to being a high-value partner for our broker network,” Wettenhall said.
“We understand that a broker’s greatest asset is the trust they build with their clients; providing a more competitive rate and a streamlined process allows them to strengthen those relationships by delivering even greater financial flexibility.
“Our goal is to empower brokers with the right tools and pricing to ensure their clients can enjoy a more comfortable, secure retirement in the homes they love.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
