Fast growing mortgage manager Nationwide Lending has strengthened its market position through a new funding partnership with GE Money Third Party Solutions (GE Money).
Nationwide is one of only a handful of mortgage managers partnered by GE Money in Australia, giving the group’s 150 brokers a significant boost to their service and product offering.
According to Glen Jones, CEO and cofounder of Nationwide Lending, securing the GE Money accreditation is an important milestone for the company and a key vote of confidence in its standing in the Australian mortgage lending industry.
“We are delighted to be forging ahead during these incredibly tough times for our industry,” he says. “It’s a pleasure to be associated with the very professional team at GE Money and we look forward to further growth in partnership with them.”
At a time when it has trimmed back the mortgage managers it funds, GE Money’s managing director Mark Rice points to Nationwide Lending’s strength of management and solid distribution network as key factors that made accrediting the business so attractive.
“We view our funding relationships with mortgage managers as a partnership – so we look closely at each mortgage manager’s business as well as growth plans.
“Nationwide has demonstrated that it has the infrastructure and drive to grow despite challenging times – it is businesses such as this that will prosper regardless of market cycles.
“The decision to partner Nationwide Lending was therefore an easy one to make and I am pleased to welcome them on board,” says Rice.
GE Money will start funding Nationwide Lending’s branded products in May.
Nationwide’s Glen Jones has also welcomed any enquiries from potential new