Mortgage Alternative is extending its lending panel relationship with Bluestone Residence Loans, choosing the non-bank lender to accomplice and launch the aggregator’s fourth white label product.
Mortgage Alternative Residence Loans Amplify was added to Mortgage Alternative’s lending panel this week, providing brokers entry to Bluestone’s versatile credit score insurance policies, quick turnaround occasions and its web banking facility for patrons.
“Bluestone’s potential to service clients with extra advanced monetary constructions enhances our brokers’ product vary and permits them to service particular buyer segments,” mentioned Mortgage Alternative interim CEO Anthony Waldron (pictured).
Waldron mentioned Mortgage Alternative Residence Loans (MCHL) Amplify can be out there to nearly 1,000 brokers in its mixed community.
“The partnership with Bluestone comes at a vital juncture for Mortgage Alternative as our enterprise transitions Smartline brokers throughout to function underneath one model and one system with an expanded lender panel,” Waldron mentioned.
Bluestone Residence Loans chief buyer officer James Angus mentioned after a extremely aggressive choice course of, he was delighted Bluestone was chosen as a mortgage mortgage accomplice by Mortgage Alternative.
“We’re trying ahead to providing Mortgage Alternative’s brokers a competitively priced residence mortgage product suite underpinned by nice service and market-leading turnaround occasions,” Angus mentioned.
“Combining Mortgage Alternative’s main broking expertise capabilities with Bluestone’s human method to lending will give brokers and their clients entry to extra alternative, which in flip creates a extra aggressive residence mortgage market.“
Bluestone was in vital acceleration mode over the previous yr and new white label partnerships had been a key a part of its development technique in 2022.
Mortgage Alternative Residence Loans Amplify marked the fourth white label product launched by Mortgage Alternative prior to now three years, following MCHL Ignite (February 2020), MCHL Propel (February 2021) and MCHL SmartSelect (March 2022 – rebranded from Smartline Choose).