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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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Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.55 4.79 4.99
ANZ Special - 4.05 4.29 4.49
ASB Bank 5.80 4.45 ▼4.49 4.89
ASB Bank Special - 4.05 ▼3.99 4.49
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.05 4.29 4.49
BNZ - Std, FlyBuys 5.90 4.69 4.79 4.99
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.20 5.25 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.70 4.85 -
Housing NZ Corp 5.80 4.69 4.79 4.79
HSBC Premier 5.89 3.99 3.99 4.39
HSBC Premier LVR > 80% - - - -
HSBC Special - 3.69 3.95 3.95
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.80 4.94 5.24
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.05 ▼3.99 4.49
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special - - - -
SBS Bank 5.89 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.05 4.29 4.49
Sovereign 5.90 4.45 ▼4.49 4.89
Sovereign Special - 4.05 ▼3.99 4.49
The Co-operative Bank - Owner Occ 5.75 4.10 4.29 4.49
The Co-operative Bank - Standard 5.75 4.00 4.79 4.99
TSB Bank 5.80 4.55 4.69 4.99
TSB Special - 4.05 4.19 4.49
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.69 4.79 5.19
Westpac - Offset 5.95 - - -
Westpac Special - 4.05 ▼3.99 4.59
Median 5.89 4.50 4.69 4.84

Last updated: 22 March 2019 10:22am

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