Monday, December 5, 2022
HomeMortgageMKM Capital turns into MA Cash

MKM Capital turns into MA Cash


MKM Capital has a brand new identify – it’ll now be often called MA Cash.

The non-bank lender says the brand new model and look aligns the values of MA Cash’s lending enterprise with mum or dad model MA Monetary Group, which acquired full possession of MKM earlier this 12 months after securing a 47.5% stake in October 2020.

The acquisition is a part of the group’s plan to capitalise on the expansion in Australia’s residential dwelling mortgage market.  It additionally complemented its acquisition of aggregator Finsure, which it bought from BNK for $151.6m in December 2021.

MA Cash nationwide gross sales supervisor Melanie de Jager (pictured above) mentioned MA Cash’s enterprise providing had undergone vital change since MA Monetary took full management.

Learn extra: MA Monetary Group acquires lender MKM

“We’re in a a lot stronger place to assist our purchasers attempt in the direction of a happier, financially safe future,” de Jager mentioned. “On this time, we have now launched a model new product vary offering easy, clear and cost-effective options. This has been backed by a refreshed and expanded management workforce who’re executing the brand new and improved service proposition.”

De Jager mentioned MA Cash was additionally within the closing levels of creating an enhanced expertise platform that, as soon as applied, would ship a extra seamless expertise for mortgage brokers and their prospects.

“With a lot taking place at MKM, it didn’t really feel proper to take care of the identical model and so the choice was made to evolve to MA Cash. We imagine the brand new model higher displays the following evolution of the enterprise and our dedication to being the lender of selection for brokers and their prospects,” she mentioned. “Changing into a part of MA Monetary has been thrilling for MKM, which has been offering Australian debtors with tailor-made dwelling mortgage options since 2004. [As] MA Cash, we will likely be capitalising on MA Monetary’s funding firepower and expertise capabilities to turn out to be a lending companion of selection for brokers and their prospects.”

Learn subsequent: Reserve Financial institution decides on rates of interest

De Jager was appointed to the function of MA Cash nationwide head of gross sales in April, and he or she mentioned then that she was delighted to be becoming a member of the workforce at an thrilling time within the firm’s historical past.

“I’m additionally wanting ahead to working with and leveraging the aptitude of the wonderful workforce we have now behind us at MA Monetary to place MKM because the lender of selection within the non-bank market,” she mentioned.

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