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Loan Garage, a digital platform for commercial asset finance partnerships, and Compass Financial, a specialist aggregator, announced the collaboration to better support brokers.
According to the companies, the new offering will allow access to:
- A diverse range of commercial asset finance options tailored to any requirement outside a home loan either as a referral or directly managed.
- Flexible technology and a seamless digital platform for fast and efficient processing and in-depth transparency to deal statuses and earnings.
- Expert guidance from one of Australia’s leading specialist aggregators.
- A stronger network of lenders, enhancing deal structuring and approval rates.
- Completely white labelled platform, including marketing support.
What has been labelled a “game-changer,” co-founder and director, partnerships and technology at Loan Garage, Robbie Fidler, said there is an exciting opportunity for brokers through this collaboration.
“This partnership is a game-changer for mortgage brokers, motor dealers and asset vendors looking to enter or expand offerings within consumer and commercial asset finance. By collaborating with Compass Finance Australia, we are giving brokers the technology tools and support they need to succeed in expanding their finance offering and retaining clients within their own brand ecosystem and increasing their share of wallet per client,” said Fidler.
Greater demand for technology that supports brokers was a key inspiration for the partnership. The new streamlined service will allow brokers to manage tasks effectively and access 93-plus lenders.
“This collaboration opens new doors for mortgage brokers, asset finance brokers, asset vendors and many more. Loan Garage partners who want to diversify and future-proof their businesses,” said Louis Velasquez, co-founder and CEO at Loan Garage.
“We’re proud to partner with the leading commercial asset finance aggregation team at Compass Finance Australia to grow our already dynamic team and industry leading platform, ensuring brokers can confidently navigate the evolving finance landscape and ongoing importance of collaboration and partnerships.”
Alex Brydges, national sales manager at Compass Finance Australia, said: “We are extremely excited to work with the Loan Garage team to allow them to scale and have the support of Compass Finance Australia’s strong commitment to ongoing and mutual strategic partnerships that allow growth for like minded businesses.”
