ASTLA was founded by the principals of Australia's largest Short Term Business Lenders. The associations primary role was to become a collective, well resourced voice to lobby Government and the Industry Regulator (ASIC) on the recent changes to the consumer credit code, and further proposed changes to business lending. We see this is critical to both lenders and borrowers.
Further tightening of business lending laws will limit the ability of small business and investors to borrow money. This will not only affect lenders and borrowers, but the Australian economy in general.
Once the association was formed, it became clear that there are many more benefits to both member and the borrowing public. Since time began, this end of the finance industry has been completely unregulated and very fragmented. The formation of ASTLA marks the first time that short term business lenders, caveat lenders, private 1st and 2nd mortgage lenders, and private lenders in general have come together under the one industry body.
The outcome is a win for borrowers and lenders. Borrowers have a higher level of protection in knowing that ASTLA accredited lenders are all genuine lenders, and that they are professional outfits and adhere to the associations Code of Conduct. Failure to do so can result in immediate termination, which means they can no longer carry the ASTLA logo, and can no longer access all of the valuable resources and intelligence that comes ONLY from being a member.
SENIOR BOARD MEMBERS
About Us
PAUL STONE
Dip IV Financial Services
Paul has been Director of HomeSec Finance Express Pty Ltd since July 2004.
This short term lending company has grown from an owner-operator business
to a team of 8. He has dedicated 6 years to the short term lending industry and
is passionate about the role short term business loans (or Caveat Loans) play
in the Australian economy, and to small business in particular.
Paul's background is small business. Since 1988, he has been a Director/Owner of various companies in various industries such as retail fashion, road transport, insurance, marketing, and now finance. This business background is what makes him so passionate about the role HomeSec Finance Express and fellow short term caveat lenders play in small business. Finance is a major factor in being able to grow a business, and he is very proud of the fact that he and his staff have helped grow many small businesses, and in some cases, save small businesses from failure.
STEPHEN MITCHELL
Stephen has been the director of Pelf Pty Ltd since 2007, a short term
lending company. Stephen is also the founder and CEO of Resicom
Financial a Mortgage Management Company and of Resicom Capital a
Nationwide Brokerage business – both businesses are Full Members of
the MFAA.
Stephen has been in the mortgage finance industry since 2003 and has a
vast knowledge of ‘out side the square’ lending.
In his role as CEO of Resicom, Stephen is involved in all facets of the businesses, from sales to settlements. Overseeing staff to ensure that the quality of service provided to the clients is at the highest level possible and to ensure that every clients needs are met and met correctly. Stephen also manages the relationships with their external brokers and also with their wholesale funders ensuring that quality controls are met and exceeded.
Stephen is passionate about finding the right solution for his clients, working tirelessly to help them out of their predicament. Stephen is well known in the industry and currently sits on the MFAA Mortgage Management Committee.
Stephen currently holds Certificate IV in Financial Services (Finance/Mortgage Broking), Diploma of Mortgage Lending & is finalising a Diploma of Financial Services – Financial Planning.
You are viewing the text version of this site.
To view the full version please install the Adobe Flash Player and ensure your web browser has JavaScript enabled.
Need help? check the requirements page.
