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Resi Mortgage Corporation Welcomes YBR


PRLog - Jul. 9, 2014 - Earlier today the Board of Yellow Brick Road Holdings Ltd (ASX: YBR) (“YBR”) announced that it has entered into an agreement with privately owned mortgage manager and originator RESI Mortgage Corporation to acquire 100% of the shares in the company.

Mr Peter James, Managing Director of RESI Mortgage Corporation said, “The new ownership is an important strategic move for the business, set to deliver outstanding opportunity for diversification, innovation and growth.”

“Both companies share a common vision,” he said, “To provide a genuine diversified ‘non-bank’ alternative for the benefit of the Australian borrowing public. YBR’s capability in relation to product development, marketing and wealth management services will enhance the capacity to achieve this very important goal.”

As a franchise organisation, RESI has built a sound brand presence as one of Australia’s leading ‘non-bank’ lenders.  With over 40 branches across Australia; its reputation has been built on a solid foundation of strong management, a diversified funding platform and exceptional customer service.  The strength of the RESI business and brand has been underpinned by key positioning as a leading consumer champion and advocate in the financial services space.

“The RESI business will continue as a separate brand and will maintain its current management structure with Angelo Malizis remaining as CEO” said Mr James. “The YBR Group intends to build on the RESI brand strength and has a number of properties, products and platforms which they plan to introduce to RESI franchisees for the benefit of their customers.”

RESI will take up its position alongside other corporate properties within the YBR group.  “Our strength as a national retailer of mortgage products is a perfect fit for the YBR business model, and I am excited about the future ahead” said Mr James.

“As our business continues to grow under new ownership, we will ensure that our industry reputation as a trusted, valued and competitive mortgage lender is not only preserved, but enhanced for the benefit of our existing and future customers.”

About RESI Mortgage Corporation:

RESI is an award winning, market leading non-bank lender, specialising in home loans, commercial loans, investment loans and financial services. RESI is an Australian owned and operated lender with almost 30 years’ experience dedicated to providing Australians with low cost, innovative products to help them ‘own their dream.’ RESI provides a full service operation that includes local lending specialists and an Australian-based customer service team.

Contact
Lisa Montgomery
***@resi.com.au

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Contact Email:
***@resi.com.au
Source:RESI Mortgage Corporation
Country:Australia
Industry:Finance, Loans, Mortgage
Tags:mortgage products, home loans, commercial loans, investment loans, financial services
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