There’s no one size fits all for loans

As customers and their needs diversify in a modern society, the need for near-prime and specialist lending solutions will also increase.

Nearly 8% of Australian workers are independent contractors* and 40% of broker customers are reported to be self-employed~ – that’s a lot of potential customers who may not meet the criteria for a traditional prime full doc loan.

You could increase your offering and grow your business through near-prime and specialist (non-conforming) loans.

The MFAA and Resimac have partnered to produce this great resource – Finance for when your customer doesn’t fit the mould: A Broker’s Guide to Near-prime and Non-conforming/Specialist Loans – designed to deconstruct near-prime and specialist finance into easy-to-understand building blocks and help show that it can be accessible to brokers of all levels.

What will you discover?

  • The types of near-prime and specialist (non-conforming) loans
  • The typical types of near-prime and specialist loan customers
  • Typical documentation, credit history and fees
  • Steps to writing near-prime and specialist loans
  • The three S’s – Security, Servicing, Story
  • End-to-end digital process
  • Plus more!

Also including:

  • Broker case studies
  • Near-prime and specialist lender and product cheat sheet
  • Myth busted: Common misconceptions about near-prime and specialist lending

A Broker’s Guide to Near-prime and Non-conforming/Specialist Loans

From the MFAA, in partnership with Resimac.

Don’t give a customer away

As we hope you will discover, near-prime and specialist (non-confirming) loans don’t have to be hard to write,
so don’t give a customer away just because they don’t fit the traditional prime loan mould.

The report will help give you the confidence to try near-prime and specialist lending, or seek additional support to grow in the area.

Download now

* ~ Resimac Broker Experience Survey (2021)
This Guide contains general information and provides a summary only. The information contained in this Guide does not constitute financial, legal and/or tax advice, and is current as at June 2022.
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