(8 October 2024 – Australia) Major aggregator LMG has launched a new asset finance marketplace, Asset Finance Exchange (AFX), which forwards referrals from mortgage brokers to asset finance brokers.
AFX is now available to all Australian-based brokers, with a future white label referral portal in the pipeline for early 2025. The AFX aims to provide brokers more choice when it comes to placing their asset finance referrals with a referral partner.
LMG is the latest aggregator to launch an asset finance referral platform, following Connective’s QuickAF referral system, AFG’s in-house referral platform and Partner Connect.
“The Asset Finance Exchange places control in the hands of brokers, providing them the opportunity to connect with a range of asset finance specialists, not just one” commented LMG Head of Partnerships and Asset Finance Exchange GM, Jordan Mutton.
“State-based and national referral hubs are available, with the platform showcasing each asset finance brokerage’s specialities such as business funding, commercial or consumer asset, making it even easier for a referring broker to place their deal.