About Modern Lending
The broker who used to be the underwriter
Modern Lending is a Tasmanian mortgage and finance brokerage founded by Liam Marshall.
Plain advice from someone who has approved loans
We take the time to understand what you want to do, then explain your options without the jargon.
Listen first
The first call is about your plans. The loan comes after we understand them.
Explain clearly
LVR, LMI, offsets and buffers put into plain English, with the numbers shown.
Stay involved
We stay with you from the first call to settlement, then check your rate every year.
Eight years on the bank’s side
Liam Marshall started as a home loan specialist at Commonwealth Bank in Hobart, writing loans for the bank’s own customers. He then moved to MyState Bank as a mortgage underwriter and went on to lead the underwriting team.
An underwriter decides whether a loan is approved. Liam read thousands of applications against credit policy, and saw the same avoidable problems sink good borrowers: an unused credit card, a missing payslip, income entered the wrong way.
Why he became a broker
A bank lender can only offer that bank’s products, and is measured on selling them. A broker compares the market.
Modern Lending has access to 40+ banks, mutuals and non-bank lenders and has no quota with any of them. We prepare each application the way an assessor wants to read it, so it has the best chance of passing credit policy the first time.
Best interests duty
Mortgage brokers in Australia are bound by a best interests duty under the National Consumer Credit Protection Act. We must put your interests ahead of our own when we recommend a loan. Bank staff selling their own bank’s loans are not held to that duty.
How we are paid
The lender pays us a commission when your loan settles. We set out the amount in writing before you sign, in the credit proposal document the law requires. Read more in broker or bank.
Where we work
We are based in Tasmania and know the Hobart, Launceston and Devonport markets best: trades, hospitality and seasonal income, and mainland buyers moving south. We arrange loans Australia-wide by phone and video.
Licensing
Modern Lending Pty Ltd (ABN 39 659 116 408) is a credit representative (Credit Representative Number 564825) of Outsource Financial Pty Ltd, Australian Credit Licence 384324. You can check both numbers on the ASIC Professional Register.
How we work
The Modern Lending four-step standard
Every client gets the same process.
Talk
A 20-minute call about what you want to do. No documents needed yet.
Compare
Your scenario priced across 40+ banks, mutuals and non-bank lenders, explained in plain English.
Settle
We package the application, lodge it and chase the lender through to settlement.
Stay sharp
Every year we check your rate against the market, so the loyalty tax never gets a grip.
Talk to Liam about your loan
Twenty minutes on the phone. No documents and no sales pitch.