Funding for our home loans
State Custodians obtains funding for its home loans primarily from wholesale lender RESIMAC Limited ('RESIMAC'). Established in 1985, RESIMAC began under the name FANMAC, and was first created to service and securitise residential loans for HomeFund, a New South Wales State Government housing programme.
RESIMAC evolved to become a leading wholesale lender providing many Australian borrowers with a compelling lending alternative to the banking sector with broad product features and competitive interest rates. Australian owned with headquarters in Sydney's CBD, RESIMAC is supported by key strategic partners including Perpetual Trustees, National Australia Bank, Westpac and the Commonwealth Bank of Australia.
RESIMAC is the pioneer of Australian Residential Mortgage Backed Securities (RMBS), being the first issuer in 1988. Since then it has issued more than A$18bn through 34 domestic and international RMBS issues, demonstrating its enduring presence as a leading non-bank issuer in Australia.
RESIMAC has also achieved a residential loan servicer ranking of 'STRONG' as assigned by Standard & Poor's, reflecting RESIMAC's significant track record in providing loan servicing solutions for its loan portfolio as well as for other less equipped finance providers.
State Custodians and RESIMAC promote accurate advertising, transparent processes and a commitment to responsible lending, in compliance with the relevant Australian laws and auditing requirements. Both organisations hold an Australian Credit Licence: RESIMAC 247283 and State Custodians 390850.