Why loan originators?
Loan origination is not a new concept. Home
loan originators and originators of other asset-based finance
have been around for years. They have created a viable niche
in a market where previously the banks were in total control.
Over the past seven years, loan originators have managed to
capture over 70% of the R728 billion mortgage lending industry.
During the past year alone, intermediaries have generated
loans to the value of R180 billion and commission payments
of about R3 billion.
We are well aware that raising business
finance is a little more complex than asset-based financing
but believe that the underlying principles remain the same.
We have the necessary expertise on tap and are determined
to pioneer the concept in the franchise sector. |