Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Major brokerage posts record yearly results

growth growth
Francesca Krakue 4 minute read

Aussie Home Loans has achieved record results for the 2016 calendar year while boosting its broker numbers, with $22 billion worth of loans settled during the period.

The brokerage, which just celebrated its 25th anniversary, announced the record results this week.

During the 2016 calendar year, the group settled $22 billion of loans, bringing its total loan book to more than $76 billion.

The results include over $3.5 billion written by Aussie’s wholesale mortgage aggregator nMB.

Advertisement
Advertisement

Commenting on the results, chief executive James Symond explained that there is “ongoing momentum” in the home loan market as interest rates remain at historic lows.

“Our retail channel continues to be a standout performer, while our mobile mortgage brokers continue to kick goals in city and regional areas, with a total of 56,000 loans being settled during 2016,” he said.

Aussie grew its total broker numbers in 2016 to 1,050, and 400 with its aggregator nMB.

Mr Symond elaborated that the group is continually expanding on providing its brokers with “exceptional” training and mentoring.

“We are continually expanding and strengthening our product range, investing heavily in IT infrastructure [and] improving our customer service at our recently opened call centre at our new headquarters at Grosvenor Place in Sydney,” he added.

PROMOTED CONTENT


“We are also continuing to invest heavily in the Aussie brand with a new campaign, featuring a return to our famous slogan ‘we’ll save you’, achieving very strong results,” he concluded.

[Related: Major brokerage launches $25k competition]

Major brokerage posts record yearly results
growth
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Work smarter, not harder, in 2022 and beyond, visit the website here to secure your ticket.

growth

 

more from the adviser
YBR home loans 850x380 ta

Breaking News

YBR Home Loans flags digital pivot, broker expansion

The major brokerage has launched a digital mortgage broking busin...

stressed woman ta

Breaking News

‘Perfect storm’ of trouble ahead for SMEs

An SME lending company has warned that many retail and supplier b...

uptick

Breaking News

Wisr hits high for new loans

The ASX-listed personal lender wrote $132 million in new loans du...