McMullen charts course as Thinktank’s new credit score danger chief

Thinktank has appointed skilled banking skilled Nathan McMullen (pictured) as the brand new basic supervisor credit score danger, reporting on to Jonathan Road, CEO of the non-bank lender.

McMullen has over 25 years of expertise in retail banking. He has a confirmed observe file of reworking companies by management in numerous roles, together with product, digital transformation, and danger administration.

He has labored in each native and worldwide companies, starting from small monetary establishments to massive firms, each private and non-private.

McMullen’s priorities heading into new function

Taking the helm as Thinktank’s new credit score danger chief, McMullen informed Australian Dealer that he has some broker-oriented focuses in thoughts.

“My key priorities can be to additional assist the event of differentiated merchandise and insurance policies, with a give attention to streamlining our credit score processes,” McMullen mentioned. “This may assist to empower brokers to help a broader vary of economic, SMSF, and residential debtors in attaining their property acquisition, refinance, and fairness launch objectives.

“Thinktank has a confirmed observe file in serving to brokers obtain the perfect outcomes for his or her purchasers and because the demand continues to develop, we’ll double down on strengthening our portfolio administration oversight functionality.”

Steering by a dynamic market panorama, McMullen acknowledges the potential of declining rates of interest. He sees this development as a chance to assist debtors cut back property possession prices.

“Whereas going through fixed competitors from banks and non-banks, Thinktank adopts a forward-thinking strategy in figuring out and introducing differentiated options to the market,” McMullen mentioned.

“That is exemplified by our current product launches, with extra improvements within the pipeline.”

Earlier than becoming a member of Thinktank, McMullen labored because the product lead for residence lending at Nice Southern Financial institution, the place he managed the financial institution’s mortgage portfolio.

Previous to that, he was the pinnacle of product and progress for mortgages at ING, the place he led the core mortgages product group with a give attention to acquisition efficiency, monetary oversight, credit score danger urge for food, and resolution automation.

All through his roles as head of homeownership for regional and retail manufacturers and head of product and digital for RAMS, Thinktank mentioned McMullen persistently demonstrated his dedication to innovation and strategic management.

Road expressed his enthusiasm about McMullen becoming a member of the management group saying, “Nathan’s wealth of expertise and confirmed management abilities make him a useful addition to our group.

“We’re assured that his strategic insights and experience will contribute considerably to our targets to drive innovation and excellence throughout the realms of product, coverage, dealer expertise and the administration of credit score danger.”

McMullen’s appointment is efficient instantly, and Thinktank said it seems to be ahead to the “vital optimistic influence he’ll undoubtedly deliver to the organisation”.