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NAB to sell aggregators

NAB is getting out of the mortgage aggregation business, announcing that it will sell aggregators PLAN Australia, Choice and FAST to Loan Market Group.

The three companies service a network of 4100 brokers operating in the residential and commercial loan markets.

Loan Market supports a branded network of 700 brokers in Australia and New Zealand and a further 850 brokers trading under their own names.

The bank did not say what the deal was worth.

 

 

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