ORDE Financial Makes History as First to Win KangaNews RMBS Deal of the Year with Inaugural Issuance

ORDE Financial Makes History as First to Win KangaNews RMBS Deal of the Year with Inaugural Issuance

Friday 29 November 2024 - ORDE Financial has further solidified its emergence as a leading Australian non-bank lender with its most recent recognition: the KangaNews 2024 RMBS Deal of the Year. This is the first time this highly competitive category has been awarded for an inaugural RMBS issuance and one of the few occasions the win has been taken away from Australian banks.

This recognition is particularly significant as it is determined exclusively by input from Australian debt market professionals, with votes from nearly every major institutional investor and market participant.

The award recognises ORDE’s inaugural RMBS public term issuance, a $1 billion transaction that set a record for the largest inaugural non-bank RMBS issuance in Australian history – doubling the size of the previous record.

“Our inaugural RMBS deal reflected the trust we’ve built through our asset quality, transparency with investors, and the strength of our institutional financier and investor relationships. It also confirms our ability to deliver innovative financial solutions, supported by diversified funding sources,” comments Ryan Harkness, Managing Director at ORDE. “We are delighted to have this recognised by peers across leading market participants.”

The award wraps up a year of achievements for the non-bank lender, which launched in late 2020. Over the past 12 months, ORDE has:

• Reached $6bn in lending with 10,000 customers;

• Introduced two new products, including its highly anticipated Residential Construction loan;

• Partnered with LMG, Australia’s largest aggregator;

• Earned a spot on the LinkedIn Top Startups list for the second consecutive year;

• Grown to 150 team members nationwide.

ORDE Financial is achieving success because we’ve built high quality foundations and have been delivering the key improvements for partners that we set out to,” says fellow Managing Director, Paul Wells. “In four years, we’ve established ourselves as a trusted lender, consistently delivering exceptional lending solutions for brokers, borrowers and our institutional financiers and investors.”

Looking ahead, the company is preparing to launch the ORDE Income Fund for Australian retail investors.

“Our next milestone is the launch of a retail “income” investment product, providing investors with access to a high-quality loan pool 100% secured by first mortgages. With a long history leading this product sector, we know the market opportunity and now need for improved options, particularly for retail investors, delivered with the same expertise, integrity and trust that underpins our current business,” Wells adds.

Wells attributes ORDE’s rapid success to its comprehensive team experience and its core focus on partner outcomes. Despite the company being four years old, the team members behind its service and solutions have a long track record delivering and leading in this sector.

“We’ve built a team that knows what they’re doing, and who are passionate about being able to do things the right way for investors, brokers and borrowers. It’s a simple but powerful strategy, and we look forward to continuing to deliver improved outcomes for our partners and investors.”