Aussie posts $21 billion home loan record

Aussie posts $21 billion home loan record

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Aussie has finished the calendar year with a bang, announcing that its brokers posted a record number of settlements over the last 12 months.

According to the group, 2015 saw over $21 billion in settlements from its 1,350 brokers – up by approximately $3 billion from the year prior.

Aussie’s retail channel was the frontrunner for the year, recording 18 per cent growth and settling approximately $1 billion each month on its own.

The brokerage’s nMB and mobile broker channels also exceeded their previous records, while customer enquiries increased 9 per cent on the year prior.

Aussie chief executive officer James Symond said the business has never been in a better position over its 24-year history.

“For some time our view has been that the industry will continue to grow its share to beyond 60 and 70 per cent of the residential mortgage flows and these results are a further example of this trend,” Mr Symond said.

“We’re receiving record numbers of customers knocking on our door thanks to the success of our national and local marketing efforts, the matchless strength of the Aussie brand and the investment dollars we’re pouring into our products, technology, training, recruitment, support teams and projects.”

Mr Symond said he is particularly pleased about the success of the group’s retail channel.

“Just over a decade ago we didn’t even have a single store and now it’s absolutely thriving and showing no signs of slowing down as we head toward our 200th purpose-built store within the next six months,” he said.

Looking ahead, Mr Symond said Aussie has “strong plans to make 2016 another show-stopping year”.

“We’re investing more than ever in building a world-class support structure for our brokers in the field to ensure their productivity is the best it can be,” he said.

“Now really is the time to give us a call if you want to join a team or own a business in an industry and company with boundless potential.”

[Related: Elite broker targets 'aspiring Millennials' with new business]

Aussie posts $21 billion home loan record
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