SYDNEY, Sept. 7, 2023 /PRNewswire/ -- BC Investment Group ("BC Invest"), a diversified financial services group, is delighted to announce that it has completed the full integration of Mortgageport, following BC Invest's acquisition earlier this year. The integration also marks the unveiling of a refreshed Mortgageport brand in the market.
Mr. David Hinde, Chief Executive Officer of BC Invest, commented: "The integration of Mortageport combines BC Invest's capital market experience and comprehensive product suite, with Mortgageport's expansive client network and 25 years' reputation as one of the leading mortgage lenders in Australia."
Being a member of BC Invest enables Mortgageport to leverage BC Invest's strong balance sheet and deliver operational efficiencies through streamlined processes and platforms. With combined Assets Under Management surpassing A$5.5 billion, Mortgageport is well-positioned to seize new opportunities and assist more customers with their dream of home ownership.
Mortgageport services customers Australia wide including hubs in Sydney, Melbourne, Gold Coast, NSW Central West and Canberra. Together with BC Invest, the combined entity has 180 staff and operates from 11 offices, located in 7 countries.
With an ongoing commitment to provide mortgage solutions and support for clients, Mortgageport will play a vital role in driving BC Invest's retail growth, and further solidify its position in Australia's mortgage lending industry.
BC Invest recently issued its eighth residential mortgage-backed security (RMBS) providing Mortgageport with significant funding capacity and continue to provide mortgage solutions for many more clients.
BC Invest is a fast-growing diversified financial services group backed by Far East Consortium, Metrics Credit Partners and PAG. BC Invest offers mortgage lending solutions and investment services. Current AUM exceed A$5.5bn.
BC Invest specialises in mortgages for Australian resident borrowers for properties in Australia and in non-resident mortgages for properties in Australia and UK. Since 2020, BC Invest has issued eight RMBS in Australian bond market.
Mortgageport is an Australian mortgage lender and mortgage manager with loans under management A$1.6bn.
Established in 1998, Mortgageport strives to provide top-tier services via a comprehensive range of domestic mortgage lending solutions for Australian resident borrowers who value excellence.
Mortgageport and NXT Building Group hold 50% stake in MyChoice Home Loans Pty Limited respectively.