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Description
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The NZF Group provides a diverse range of financial services and can be broken up into five distinct areas:
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Home Loan products – NZF provides a range of Home Loan products that are funded by a wholesale facility of $225m from Westpac. These are secured solely by residential first mortgages. The majority of loans are reinsured by a third party reinsurer, Genworth Financial Services (a US established company).
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Short term property based loans that are provided by NZF and funded predominately by first ranking debenture stock.
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Secured term investments (debenture stock) – NZF has developed a range of retail secured term investments that partly fund its short term property loans and are offered directly to the public or via it’s network of independent Investment Advisers/Financial Planners.
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Distribution and marketing capability results the acquisition by NZF Group of Mike Pero Mortgages (the largest mortgage broking business in New Zealand) for which NZ Group has a 50/50 joint venture with JV partner Liberty Financial of Australia. Mike Pero provides NZF with access to a large distribution network for its financial services products such as; Property Finance and Home Loans. NZF has also developed an extensive network of independent mortgage brokers, broker groups and Investment Advisers/Financial Planners to distribute NZF’s products.
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