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Aussie Home Loans settlements grow 18pc

by Staff Reporter9 minute read

Aussie Home Loans has set itself “even more ambitious growth targets” after enjoying a record year of settlements.

The country’s largest brokerage reported $17 billion of loan settlements for the 12 months to 30 June 2014, which was up 18 per cent on the previous year.

That was partly due to a five per cent increase in leads and a seven per cent jump in franchise numbers, from 150 to 160.

Loan writer numbers jumped 17 per cent to 451 and mobile broker numbers grew 14 per cent to 438.


Aussie said it also improved store productivity by 15 per cent through its training and development program.

The group’s loan book, which also includes sister company National Mortgage Brokers, climbed seven per cent to $60.5 billion.

Executive chairman John Symond said the group had met its “aggressive growth targets” despite strong competition and had devised “even more ambitious targets” for the years ahead.

“To help us achieve these goals we are up-scaling our drive for more mortgage brokers and franchisees, offering them competitive commission rates, industry-awarded training and, importantly, a tangible career path,” he said.

“We have a high-support, high-achievers culture, and we help our brokers build strong, successful businesses through ongoing coaching, mentoring and training in areas such as business development, sales, credit, marketing and recruitment.”

[Related: Aussie places first in Top 25 Brokerages ranking]