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Aussie posts strong volume growth on back of Wizard acquisition

Staff Reporter 1 minute read

Aussie Home Loans says it is experiencing record lending levels following its acquisition of Wizard Home Loans.

According to the broker group, monthly lending volumes have doubled to more than $2 billion following the addition of the Wizard franchisees to its distribution network – which now exceeds 800 mortgage advisers nationally.

The broker is also looking to continue to grow its network, according to Aussie executive chairman John Symond.

“The acquisition of Wizard, as well as strong first home owner demand, have significantly accelerated Aussie’s lending volumes to record levels and we are actively seeking opportunities to expand further,” he said.

“We are delighted to be in a position to bolster the non-bank industry through acquisitions and further recruitment of specialist mortgage advisers, with our loan book worth more than $30 billion.”

 

Aussie posts strong volume growth on back of Wizard acquisition
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