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Non-bank lender Better Choice Home Loans has announced that it has increased commissions to brokers and reduced clawback after one year on their Ultimate Alt Doc, Specialist, and Specialist Plus product range.
According to Better Choice Home Loans’ national sales manager and strategic partnerships, Paul Bakker, the changes are part of a wider plan to better support brokers.
“At Better Choice Home Loans, we are dedicated to empowering our brokers with the tools and support they need to succeed. By enhancing our commission structure and reducing clawback after one year, we are creating a more favourable environment for our partners to thrive,” he said.
“Furthermore, we are continuing to simplify and enhance our processes to make it easier for brokers to work with us.
“Recent updates include a more streamlined website, an updated servicing calculator, and a reduced checklist for loan applications.
“These improvements are designed to expedite the customer verification process and reduce the time it takes to finalise loans, ultimately benefiting both brokers and their clients.”
Bakker said that the non-bank lender understands that “time is of the essence” for Better Choice’s brokers and their clients.
“By simplifying our processes, we aim to provide a more efficient, seamless experience that allows brokers to focus on what they do best – serving their customers,” he said.
Bakker further hinted at more changes in the future for the Better Choice Gold Commercial range, with an announcement reportedly expected to be made soon.
New national sales manager comes on board
This is the latest in Better Choice’s movements following the lender’s announcement of Robyn Hadlow’s appointment as its new national sales manager for the commercial division.
Hadlow’s background includes nine years at ANZ, where she developed expertise in commercial finance, and six years at Thinktank, where she supported brokers in growing their businesses through strategic education and diversification.
Hadlow’s appointment followed Better Choice’s launch of a range of incentives on their commercial product offerings, including rate reductions and application fee waivers on many commercial products over spring.
Bakker said at the time: “Robyn’s collaborative approach and forward-thinking mindset will be invaluable as we continue to expand our commercial division.”
[RELATED: Better Choice appoints national sales manager for commercial division]
