19 July 2022|2 minute read
Lendi Group today announced Australia’s largest customer owned bank, Great Southern Bank, joined its market leading Lending Panel. With the addition of Great Southern Bank, the total number of banks and lenders on Lendi Group’s Panel is 27 providing Australians with over 2,500 products to fit their specific needs.
With the assistance of lenders, Lendi Group empowers Australians with choice, and remains true to its mission of helping Australians achieve their home ownership dreams, seamlessly. Across the Lendi, Aussie and Domain Home Loans brands, the Lendi Group has over 1,000 brokers and 230 retail stores across the country. As Australia's largest retail mortgage broker and number one home loan platform, the partnership with Great Southern Bank adds more flexibility and choice to Lendi Group’s customer offering.
Brad Cramb, CEO of Distribution, Lendi Group, said: “Lendi Group is committed to giving our customers the most competitive deal for their personal circumstances, which means giving them as much choice as we can. With Great Southern Bank joining our lending panel, we are adding mortgage products and solutions that particularly address the needs of first home buyers. Great Southern Bank understands the power of our network particularly considering over three quarters of their home loans are currently delivered via brokers.”
Great Southern Bank has been putting its customers first for more than 75 years, today looking after the financial needs of more than 380,000 Australians. Just over a year ago, the bank changed its name from CUA to Great Southern Bank but remains customer-owned and firmly focused on helping all Australians own their own homes. It has helped more than 3,500 customers buy their own home through Australian Government homebuyer support schemes and it is committed to continuing this through the updated Home Guarantee Scheme.
Megan Keleher, Chief Customer Officer of Great Southern Bank, said: “This is an important partnership for Great Southern Bank, underpinned by a shared commitment to helping more Australians achieve their home ownership dreams. Through our investment in new technology and commitment to continuous improvement, we are making the home loan application process faster and more efficient for our broker partners.”
In the past year, Great Southern Bank has more than halved loan approval times, whilst doubling the number of loan applications processed.
Under this partnership, Greater Southern Bank loan options will be made available to its customer members through the Lendi Group platform from 18 July.
Lendi Group is the parent company of Aussie Home Loans and Lendi. Both Aussie and Lendi were founded as market disruptors with a common purpose to help Australians get access to better deals, better rates and better information on their home loans.
David Hyman and his fellow co-founders, Sebastian Watkins, Martin Lam and Mark Kalajzich, started Lendi in 2013 to empower borrowers with more transparency and choice while Aussie was founded by John Symond in 1992 to bring competition to the Australian home lending industry. In 2021, Lendi and Aussie merged to create the powerhouse Lendi Group and usher in a new era of seamless connection between customers, lenders, brokers and data.
Driven by its mission to change the way Australians experience property lending, Lendi Group is home to Australia's number one online home loan platform, a network of over 1200 brokers, a head office team of 600 people and a retail footprint of more than 225 stores across the country.