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Franchise brokerage Australian Mortgage Brokers will attempt to break into the aggregation sector when it launches a new model on 7 September.
AMB CEO Paul Gollan told Mortgage Business that the new model would have a competitive commission structure that he believes will ‘shake up the industry’.
“The new model will target mid to high performing brokers - those who write between $12 and $20 million a year,” Mr Gollan said.
While Mr Gollan remained tight lipped on the exact details of the new business, he said the goal was to be competitive while recruiting responsibly by adding 4 to 5 independent brokers to the new group each month.
“I think there is a lot of concern floating about that aggregators are losing their place in the industry.
However, I think there will always be a place for boutique aggregators and I also think you will see the ‘meaning of boutique’ expand as time goes by,” he said.
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