The personal lender has announced a $200 million warehouse facility, while flagging its intentions to proceed with an IPO when market conditions are ripe. SocietyOne has doubled its funding capacity
iTWire Monday, 05 July 2021 11:41 SocietyOne launches new digital broker portal Featured Mark Jones, CEO SocietyOne
Digital finance platform SocietyOne has launched a new broker portal that it says will allow brokers to provide a quick quote in half the time of the previous application form.
SocietyOne says the new broker portal allows brokers to discover a rate for their client in half the time of the previous application form, and without impacting their credit score.
The inclusion of the secured loan option will also allow brokers to easily find the right loan for their customer and offer additional choice, such as seven-year and $70K loans.
SocietyOne names broker distribution head
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Sarah Simpkins
Sarah Simpkins
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The personal lender has recruited a former Mortgage Choice and Aussie sales manager to lead its broker distribution.
SocietyOne has made a slew of high-level appointments, including the hiring of ex-Mortgage Choice and Aussie sales manager Tommy Lee as head of broker distribution.
Previously, he was regional manager for NSW/ACT at Mortgage Choice, after being regional sales manager at Aussie for three years.
Meanwhile former Westpac broker distribution head and MyState banking general manager Tony MacRae has also joined SocietyOne as chief commercial officer, after working for 30 years across broking, sales and distribution, as well as product and operations management.
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