For a broker to present loans to a customer they need to be appointed as a Credit Representative of an Australian Credit Licensee (ACL), have access to a panel of lenders, be accredited by the lenders, and have a business platform to enable their operations and future growth.
Aggregators act as intermediaries between lenders and finance brokers, typically holding an ACL and appointing credit representatives to operate under their licence. They offer:
The level of service and support varies by aggregator, making it essential to find the right fit for your business.
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