A prominent non-bank lender has formed a strategic alliance with a property investment firm.
At the end of last week, Australian First Mortgage (AFM), a non-bank lender that distributes mortgages through mortgage brokers, announced that it had entered into an strategic alliance with Forrester Cohen.
The relationship marks AFM’s second strategic alliance with a property investment firm, having previously set up a relationship with SuperShift.
Speaking about the alliance, AFM’s national head of sales Clint Hawthorn said the lender wanted to provide brokers with an additional revenue stream and the opportunity to help clients buy investment properties.
“When looking to align with SuperShift and Forrester Cohen, Australian First Mortgage were first and foremost focused on aligning with service providers who could provide our broker customers with a compliance framework that safeguard brokers from any conflict of interest and potential liability issues for referrers,” Mr Hawthorn said.
“Both organisations base their offerings around the provision of sound investment advice to the end consumer provided by qualified and authorised professionals whilst giving brokers the ability to generate additional income.”