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Australian borrowers have been left with a poorer choice by many non-bank lenders having disappeared or been consumed by the major lenders, according to loans.com.au new managing director Marie Mortimer, as the company prepares to represent a new breed of alternative lenders.
Her comment coincides with her appointment to the top job of the online mortgage provider after it officially launched its brand and product in June.
Mortimer, aged 29 years, has built a career in operations and IT management within institutional and retail financial organisations.
She will replace company founder, Kim Cannon, as he maintains his focus as MD at FirstMac.
Cannon said he is pleased that loans.com.au will continue to be guided by a managing director with a passion for IT innovation, a commitment to the customer and a dedication to the industry.
"Marie certainly holds these attributes and I have no doubt that under her guidance loans.com.au will deliver Australian mortgage borrowers a real alternative to the major lenders," he said.
Mortimer took the opportunity to re-affirm loans.com.au's position as a serious competitor to the majors.
"We are not just delivering our product through a channel more Australians are using, online, we are providing them all the services and features they need at an interest rate that is seriously competitive."
She added that technology and price comparison websites have allowed Australian mortgage borrowers to become a lot smarter, and more aware.
loans.com.au remains part of the Cannon family group of companies.
Refinancing buoyant, but non-majors stumble as Big Four up the ante - Driven by a renewed hunger for business the majors' aggressive switching incentives are driving a feeding frenzy in the refinancing space, according to new data, as people who already have mortgages recognise the benefits of reviewing their arrangements.
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