Brighten Home Loans Partners with Leading Mortgage Aggregator Vow Financial
Partnership further strengthens rapidly growing non-bank lender’s distribution footprint as Brighten enters more market segments
Sydney, 1 May 2020 – Rapidly growing Australian non-bank lender Brighten Home Loans (‘Brighten’) has partnered with leading mortgage aggregator Vow Financial (‘Vow’).
Vow is one of the largest aggregators in Australia with about 1,200+ brokers, a loan book of over A$ 50.1 billion, and a highly experienced and awarded business development manager team with a national presence.
Brighten Head of Distribution Natalie Sheehan said: “We’re excited about partnering with Vow, one of Australia’s most highly-regarded aggregators. Mortgage brokers are in a prime position to drive competition and provide real choice for consumers looking for alternatives to the major banks. Vow’s brokers and their clients will benefit from our streamlined and reliable product offering, simple and competitive pricing structure, and superior service proposition assisted through our time-saving cloud-based technology platform.
“Building on our multi-institutional funding structure, our partnership with Vow will enable us to further accelerate our rapid growth as a major provider of finance to both non-resident and resident borrowers.” Sheehan said.
Sharing his views, Sean Preece Chief Customer Officer, Vow Financial said, “We at VOW Financial are all about delivering value through inclusive mortgage solutions by catering to diverse borrower needs that many lenders in the mortgage industry are still unable to address. Our partnership with Brighten is a key aspect of this commitment, and we look forward to celebrating many successful milestones together through the course of our association.”
The partnership with Vow follows a period of rapid growth for Brighten, which has made substantial progress since it commenced operations in 2017 with an initial product offering including home loans to non-residents of Australia and Australian residents with income from abroad. Brighten has since invested extensively in building a platform for growth and has expanded its presence in Sydney, Melbourne and Brisbane. Brighten Head of Operations Jason Ford said: “The Brighten team is thrilled as the partnership with Vow demonstrates Brighten’s capability and commitment to become a major non-bank lender. We will continue to invest in our people as well as our end to end digital mortgage solution platform that drives innovation to achieve cost and service efficiencies.”
In January 2020 Brighten secured a $250 million tranche of funding through a warehouse facility with an international bank, a year after having secured its first $500 million warehouse facility from another global financial institution.
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