Refund adds 300th franchisee to business

Staff Reporter Monday, 9 Nov 2009 1 minute read

Refund Home Loans has appointed its 300th franchisee after less than six years in business.

Founder and executive chairman Wayne Ormond said the company was receiving an ever increasing number of applications for franchisees, reflecting its acceptance in the market place.

“300 franchisees represents an increase of 163 per cent over the 114 two years prior and the numbers will continue to grow as an increasing number of customers understand the advantages of dealing with a mortgage broker who shares his commission with his customers which represents a real stand out in today’s market,” Mr Ormond said.

Despite recently finding himself in hot water with the Australian Competition and Consumer Commission (ACCC) for allegedly breaching the Trade Practices Act (1974), Mr Ormond said he would continue to grow his business.

Mr Ormond said the company was currently pushing ahead with its strategy to add professional and qualified synergistic services alongside its mortgage broking service in order to provide further and related benefits to homebuyers.

In 2008 Property and General Insurance were added and in August 2009 Mr Ormond announced the company’s alliance with Professional Investment Services (PIS), which enabled them to add PIS’s financial planning products to their existing home mortgage products.