NAB completes Challenger deal
(2 November 2009 – Australia) National Australia Bank has confirmed that it has completed its acquisition of the mortgage management business, Challenger.
The bank announced the purchase on the 18th August and will re-brand the mortgage management business Advantedge.
The PLAN, Choice and FAST aggregators brand will remain unchanged as part of the acquisition and the new Advantedge brand will remain with the same management team.
The new Advantedge branch is being advertised as a wholesale loan servicer and a major participant in the Australian mortgage market with over A$120 billion of loans under management or administration.
The PLAN, Choice and FAST aggregators brand will remain unchanged as part of the acquisition and the new Advantedge brand will remain with the same management team.
The new Advantedge branch is being advertised as a wholesale loan servicer and a major participant in the Australian mortgage market with over A$120 billion of loans under management or administration.
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