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Major brokerage posts record yearly results

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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.

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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.

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“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
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