Specialist lender Bluestone plans to return to mortgage lending

Group CEO, Peter McGuinness, revealed Bluestone would consider at some stage offering a web-based product, though he said it would be a far more basic product than the company has offered in the past.

Bluestone quit mortgage origination in September last year, but has reinvented itself as a third party loan servicer and boutique asset manager.

The company has also maintained strong connections with the broker market.

With a sizeable mortgage book, Bluestone continues to make substantial trail commission to brokers.

"And I am pleased to say we have had no defaults," McGuinness told Australian Broker.

"We communicate once a quarter to brokers to let them know what is going on," he said.

Bluestone also maintains a "substantial" customer service offering for brokers to help them with queries about refinancing, settlements and discharging of mortgages.

"We are very much focused on client retention," McGuinness said.


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