MQG Lending offers brokers access to specialist, non-bank and short-term funding options
Money Quest Group (MQG) has launched MQG Lending, a white-label lending division designed to broaden product access for its national broker network.
The mortgage broking group said the new arm would give more than 650 members additional options for clients with specialist, non-bank, commercial and short-term funding needs.
At launch, MQG Lending has partnerships with RedZed, Brighten Home Loans and Eastwood Securities.
MQG Lending will initially offer three product suites to members:
- RedQ, developed with RedZed, covers residential, commercial and SMSF finance for self-employed borrowers, with a focus on alternative documentation lending
- BrightQ, developed with Brighten, includes residential, commercial, SMSF, reverse mortgage, construction and non-resident lending options
- PrivateQ, developed with Eastwood Securities, is aimed at short-term lending needs for business and commercial purposes
The group said further partnerships are expected before the end of the financial year.
“The launch of MQG Lending is all about empowering our brokers with more ways to support their customers financial needs, while growing their businesses,” said Adrian Fisher (pictured top), general manager of business development at Money Quest Group.
“By working closely with partners like RedZed and Brighten to develop RedQ and BrightQ, we’re providing tailored solutions for complex and non-standard scenarios, while Eastwood Securities adds a highly credible private lending option for short-term and commercial needs.
“Importantly, brokers can now seamlessly lodge applications through AOL, making access to these products simple and efficient. This initiative strengthens our value proposition to brokers by combining deep lender relationships with practical, accessible solutions that improve client outcomes, and this is just the beginning, there is more to come shortly.”
Money Quest Group, founded in 2007, launched its MoneyQuest franchise model in 2016 and opened its 100th franchise in 2021. The group has expanded through acquisitions including Buyers Choice, Loans Actually, Southern Cross Broker Network, Keylend and Bernie Lewis Home Loans. It now offers franchise and aggregation options, supporting mortgage brokers across Australia.
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