Brighten creates a white label channel role

The non-bank lender has made an appointment for the newly created white label Channel Manager position.

Brighten Home Loans has appointed former Resicom COO Brad Tefft to his newly created white label channel manager role.

In this role, Mr. Tefft will assume responsibility for relationship management and training of Brighten’s portfolio of white label partners. He will also be responsible for identifying and onboarding new white label introducers for Brighten’s home mortgage loan products, the non-bank said.

Mr. Tefft was previously at Oak Capital, a non-bank company, where he provided operational support for its merger with specialist finance provider Resicom Financial over the past four months.

Previously, Mr. Tefft was Director of Operations at Resicom and was responsible for developing its network of reference partners by engaging with and integrating aggregators.

Commenting on her appointment, Brighten Home Loans chief distribution officer Natalie Sheehan said she would help the lender maintain its “high growth trajectory.”

“Brighten’s white label distribution channel is growing at a rapid pace, and Brad, with his proven business development skills, will help us maintain and build on that,” Ms. Sheehan said.

Mr Tefft also spoke about his appointment with the non-bank lender, saying he was eager to help Brighten increase sales volumes.

“I am delighted to be a part of this growing challenger brand,” said Mr. Tefft.

“One of the things that drew me to Brighten was its reputation for providing fast and accurate support to its partners, and I will do my best to improve that.”

Mr Tefft’s appointment follows other recent additions to Brighten, including the appointment of Stuart murray as new loan manager in February, and mortgage specialist Stephen murphy as the primary manager of business analysis and operations as she continued to grow her business.

At the time of Mr Murphy’s appointment, Brighten said he had expanded his domestic operations over the previous 12 months, having doubled the size of his team and reportedly increased origins volumes by more than 138%.

The lender also appointed Ms Sheehan as its first head of distribution in 2020, along with two Melbourne-based business development managers, a verification officer and a credit assessor for its Sydney team.

In September 2020, Brighten announced that it white label funds mortgage products offered by LJ Hooker Home Loans, a branch of LJ Hooker real estate company.

In January of last year, the non-bank lender got $ 250 million through a warehouse with global investment bank Goldman Sachs, which has revealed plans to expand its home loan offerings. This followed a $ 500 million warehouse facility obtained in 2018 from another undisclosed global investment bank.

[Related: Brighten appoints head of credit]

Brighten creates a white label channel role



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Updated: April 7, 2021

Published: April 8, 2021

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Malavika Santhebennur

Malavika Santhebennur

Malavika Santhebennur is the Mortgage Securities Reporting Editor at Momentum Media.

Prior to joining the team in 2019, Malavika held positions at Money Management and Benchmark Media. She has been writing about financial services for six years.


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