Great Southern Bank's broker network tops 6,000 mark

Numbers double within a year

Great Southern Bank's broker network tops 6,000 mark

Great Southern Bank has expanded the number of brokers on its lending platform, confirming the total number of brokers accredited has now exceeded 6,000.

Through an existing partnership with Lendi Group, the customer-owned bank has introduced a further 318 brokers operating under the Lendi and Domain Home Loans brands to its lending platform.

More than 1,000 brokers from the Lendi Group are now accredited, which the bank said had helped it to achieve its goal of doubling its broker network within a year.

Great Southern Bank head of broker partnerships Mat Patterson (pictured above) said the partnership with Lendi Group exceeded the bank’s expectations on a number of levels.

”The Lendi Group partnership is very important for Great Southern Bank and a great meeting of like-minded cultures and complementary brands – we’re all focused on helping more Australians to own their own home,” Patterson said.

Noting that Lendi Group had been on its panel for five months, Patterson said the bank had received a particularly strong response from the Aussie network – the first cohort of the Lendi Group home loan platform to be onboarded.

“We’re punching well above our weight in terms of market share within their network, securing far more home loans than we could have expected,” Patterson said.

Great Southern Bank had made significant enhancements to its broker service offering over the last 18 months, he said.

The bank can now ensure documents drop into a customer’s inbox “almost immediately after formal approval”, ready for electronic signing via DocuSign. 

“And faster approvals means more homebuyers around Australia are securing their ideal property – whether it is their first home or their next home,” Patterson said.

Patterson said he looked forward to extending the servicing offering to the new Lendi and Domain brokers.

Great Southern Bank said in April its goal was to double its accredited brokers to 6,000 by the end of the year.  In July, Lendi Group announced it had added Great Southern Bank to its panel, increasing the number of available product options to over 2,500. The addition of the customer-owned bank added greater flexibility and choice to its product offering, Lendi Group said.