Two co-founders of mortgage broking group Lendi will be leaving, the company’s chief executive has confirmed in an email to staff.
Mark Kalajzich and Martin Lam, believed to be driving the technological side of the brokerage, which last year acquired Aussie Home Loans, will depart the company as it continues its roll out of Lendi Group’s technology platform to Aussie.
The Australian reported Mr Kalajzich, the chief product officer, was set to leave the company next month, while Mr Lam will continue to oversee the delivery of a program called Aussie Ready before leaving in June 2023.
In an email to staff, chief executive David Hyman hinted at a divergence among the co-founders.
“As with many partnerships in life, founders’ approaches do vary over time,” the email said.
“When this happens, change is the right path to take to ensure alignment in the future.”
The departures come in the midst of a prosperous period for the company.
According to Broker News, Lendi Group reported in its annual broker conference 35 per cent year-on-year growth and posted $33.6bn in settlements in the last financial year.
The imminent departure of Kalajzich and Lam marks the end of an era at Lendi, which started from scratch in 2013 with the aim of simplifying the mortgage process for brokers, borrowers and lenders.
According to MPA Magazine, Hyman and Lendi’s co-founders saw an “opportunity” in the market.
“We saw an opportunity in the mortgage market to bring in some of the things we’d learnt from other industries and apply them to mortgage and lending,” Hyman told MPA Magazine last year.
“Ultimately the vision was not to take the broker out of the market, it was to build a bunch of technology that would make the whole process easier for all the various stakeholders,” he said.
Lendi’s recent consolidation with Aussie Home Loans was reportedly worth around $900 million.
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