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Finsure achieves record settlement growth

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Huntley Mitchell 4 minute read

Finsure Finance and Insurance has revealed it achieved growth of almost 70 per cent in settlement volumes for the last financial year.

The mortgage aggregator settled $8.32 billion worth of loans during the 12 months to 30 June 2015, compared to $4.95 billion in 2013-14.

With over 800 loan writers now working in partnership with Finsure, managing director John Kolenda said the significant growth in the group’s settlements has been driven by brokers wanting greater value from their aggregator.

“The B2B solutions offered by Finsure are helping brokers achieve amazing growth and [is] something they really value,” he said.

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Mr Kolenda said Finsure’s growth plans for 2015-16 are well on track after its brokers generated approximately $900 million in settlements in both July and August.

“Over the first two months of 2015-16 we are already settling 50 per cent more than we did for the same period last year. This demonstrates that although our growth over 2014-15 was outstanding, we continue to raise the benchmark for our competitors in 2015-16,” he said.

“These settlements are a new record for Finsure and an endorsement of the group’s execution strategies.”

Mr Kolenda said Finsure’s acquisitions of fellow aggregator LoanKit as well as comparison websites homeloan.com.au, comparehomeloans.com.au, comparemyloan.com.au and comparecarloans.com.au have provided further support for its brokers.

The aggregator will hold its first international conference in Shanghai in October, which Mr Kolenda said will be an opportunity to thank brokers for their continued support and outline future growth plans.

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[Related: AFG sees surge in commercial mortgages]

Finsure achieves record settlement growth
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