Loanworks

Loanworks Lending is conducted by Sintex Consolidated, an independent nonbank financial institution operating under the Loanworks brand. Sintex has originated small-ticket commercial mortgage loans since it was established in 2003. Sintex origination activities expanded in 2012 to include residential mortgage loans.

Loanworks’ strategy focuses on the simple and certain delivery of fully documented residential and commercial mortgage loan products to prime borrowers. Loan origination is via mortgage managers and brokers, who are required to hold a valid Australian credit license to be accredited as an introducer.

All credit underwriting, loan administration, loan servicing, special servicing and trust management functions are completed in-house.

Based on a foundation of simple full-documentation loan products to prime borrower markets, conservative lending policies and a prudent approach to loan portfolio management, Loanworks has consistently demonstrated strong credit performance with more recent statistics less influenced by small portfolio size.

Since commencing operations, Loanworks has recorded cumulative total net loss of A$1.1 million in its small-ticket commercial lending portfolio and no net losses in its residential mortgage lending portfolio.

Loanworks’ origination warehouses are funded by a mix of major bank and institutional investors and are supported with internal funds.

Loanworks completed its inaugural Blackwattle Series RMBS transaction in May 2021, followed by a second Blackwattle Series RMBS transaction in November 2021. Loanworks has also completed a privately placed small-ticket Blackwattle Series CMBS transaction.

With the underlying growth in its asset portfolio, Loanworks is growing its warehouse capacity and targets the Blackwattle Series to be a frequent and regular ongoing issuer.

The Loanworks business has grown significantly over the past four years, driven by a strong customer focus and alignment of processes and systems to support business strategy. Now approaching scale, financial metrics such as expense-to-income and profitability margins continue to improve and contribute positively to financial performance.

Satish Chand
Chief Executive Officer
+61 2 9278 9708
This email address is being protected from spambots. You need JavaScript enabled to view it.

Yotta Agamemnonos
Director, Lending
+61 2 9278 9703
This email address is being protected from spambots. You need JavaScript enabled to view it.

www.loanworks.com.au