Non Conforming means credit defaults! Hmm ... are you sure?
Interesting question prompted by a review of our recent strong settlement figures. What is non conforming?
We believe that the term formed upon the arrival of pioneering lenders such as La Trobe, Liberty et al and securitisation which took clients that didn't tick the boxes with banks typically due to some slight credit impairment even though the clients had other strong mitigating circumstances.
We pride ourselves on being the non conforming and specialist lending mortgage manager of choice for brokers and being able to assist in deals where mainstream banks have declined a loan for a stupid reason and not a smart one, which in 70% of our cases doesn't include credit defaults.
If you have an "out of the box" transaction please contact one of our BDM's or sales support team members for a quick response.