Neolender CEO reveals broker plans
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The co-founder and CEO of new mortgage lender WLTH has revealed his plans for distribution, which include the broker channel.
The Brisbane-based digital lending and payments provider, WLTH, launched into market earlier this month, announcing its intention to issue $1.23 billion worth of residential and commercial loans by the end of the 2022 financial year (FY22).
The fintech is the brainchild of Brodie Haupt, Drew Haupt, Darren Hodgkin and John Kerr, and builds on the entrepreneurs’ growing group of businesses covering wealth management, property management and mortgage broking.
The new lending offering will cover a range of owner-occupier and commercial loans, funded through a mortgage warehouse. WLTH is also expecting to open a capital raise on 30 January for seed funding.