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Newpark adds to senior team with Loan Market hire

Newly-formed adviser group Newpark Home Loans has hired senior adviser Gopal Sreenivasan from Loan Market to fill a leadership role.

Friday, March 8th 2019, 7:30AM

Newpark has hired industry veteran Sreenivasan as its head of strategic partnerships. He starts his role at the new group next week, and joins as the new group ramps up to bring in new members throughout 2019.

Newpark Home Loans formed officially last year after Newpark bought out its former joint venture partner Mortgage Link. The group offers a flexible model for members, and charges on a per-brokerage basis, rather than per individual. Newpark is on a charm offensive to win over smaller groups and expanding groups put off by individual membership fee structures.

Sreenivasan joins the new venture after 25 years in the adviser industry, enjoying success while at Loan Market. For three years Sreenivasan's brokerage, Creative Mortgages, has been the top Loan Market international franchise business.

It comes as Newpark builds its membership from its former joint venture and new additions. General Manager Andrew Scott said membership has doubled since October and is expected to double once again by the end of the year.

Sreenivasan has BsC, MBA and MIAM qualifications, and will be tasked with forming partnerships with new adviser members and generate lead opportunities for Newpark members.

Scott said: "We’re absolutely thrilled to have an Adviser of this calibre on board.  The addition of Gopal to our business in such a critical role is great endorsement of the direction we wish to take Newpark Home Loans.  His knowledge and expertise will be invaluable to new and current Advisers alike.”

"I am aiming to spread the net much wider to identify lead generation opportunities as well for Newpark members.  His mortgage expertise and reputation in the market will be leverage we wish to exploit," Scott added.

Sreenivasan is also tasked with helping members with technical development, Scott said. 

Tags: Newpark

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Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.29 2.59 2.65
ANZ 4.44 2.89 3.25 3.39
ANZ Special - 2.29 2.69 2.79
ASB Bank 4.45 2.29 2.59 2.65
Basecorp Finance 5.49 - - -
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - 2.29 2.59 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 2.89 3.19 3.39
BNZ - TotalMoney 4.55 - - -
Lender Flt 1yr 2yr 3yr
CFML Loans 4.95 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 2.50 1.99 2.35 2.45
Heretaunga Building Society 4.99 3.40 3.50 -
HSBC Premier 4.49 2.25 2.35 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - 2.25 - -
ICBC 3.69 2.25 2.35 2.65
Kainga Ora 4.43 2.67 2.97 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 3.20 3.50 3.50
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.35 2.65 2.65
Liberty 5.69 - - -
Nelson Building Society 4.95 3.20 3.24 -
Pepper Essential - - - -
Resimac 3.39 3.35 2.99 3.35
Lender Flt 1yr 2yr 3yr
SBS Bank 4.54 2.79 ▲2.99 ▲3.29
SBS Bank Special - 2.29 ▲2.49 ▲2.79
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 2.09 - -
The Co-operative Bank - Owner Occ 4.40 2.29 2.59 2.79
The Co-operative Bank - Standard 4.40 2.79 3.09 3.29
TSB Bank 5.34 3.09 3.29 3.45
TSB Special 4.54 2.29 2.49 2.65
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.09 3.29 3.39
Westpac - Offset 4.59 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 2.29 2.69 2.79
Median 4.55 2.73 2.99 2.80

Last updated: 12 April 2021 8:56am

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