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Mortgage Choice defies tough lending market

Staff Reporter 1 minute read

Mortgage Choice has registered only a slight drop in volumes for the 2008 financial year compared with 2007, according to a statment issued to the ASX today.

Last year the listed franchise brokerage grew its loan book by 12.2 per cent to $33.27 billion through $11 billion in loan approvals – marginally under the $11.1 billion the year before.

The group also delivered a net profit after tax of $19.3 million for the 2008 financial year.

Paul Lahiff said it was a “solid outcome” when considered against the backdrop of the sub-prime crisis, cash rate rises and changes in the mortgage market.

Looking ahead Mortgage Choice said it will focus on increasing lead generation, enhancing lead conversion and selectively growing its franchisee base.

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Published: 20-08-08

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Mortgage Choice defies tough lending market
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