Get notifications in real-time for staying up to date with content that matters to you.
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.
Published: 20-08-08
Related Articles
Mortgage Choice rejects merger bid 29-07-08
Who do you aggregate through?
Thank you for your vote, you can see the results here.
Major brokerage appoints new GM of distribution
Mortgage Choice has announced that Citi’s former head of bankin...
ANZ extends business loan terms
The major bank has announced that it will extend the maximum loan...
Credit growth stunted by dive in business lending
Credit growth has waned as a result of a sharp drop-off in busine...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
