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Aussie beats previous settlements record by 10pc

by Staff Reporter9 minute read

Aussie Home Loans is on track for its biggest-ever year after posting a new monthly settlements record.

The group, which includes aggregator National Mortgage Brokers, settled almost $1.8 billion in December.

That was more than $150 million higher than the previous record, set in May 2014.

Aussie reported $1.4 billion of settlements and $2 billion of applications for October 2014, both of which were records for the month of October.

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The performance comes after the group enjoyed a record settlement result of $17 billion during 2013/2014, which was up 18 per cent on the previous financial year.

Aussie executive director James Symond said he expected the group to record its first $2 billion month some time this financial year after ending 2014 on such a strong note.

“Both Aussie’s retail and mobile broker channels topped their previous records, with the retail channel in particular performing exceptionally well at almost 10 per cent higher than its previous best month,” he said.

Mr Symond said December 2014 was also Aussie’s best month for conversion since January 2014.

“This tells me that we are on the right path and making the right moves by continuing to focus on working smarter and investing in the things that will deliver real results for our franchisees and brokers,” he said.

[Related: Aussie appoints CBA man to key role]

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