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HSBC to hit billion-dollar milestone with Aussie

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Reporter 5 minute read

After returning to the third-party channel last year, HSBC is on track to see $1 billion in home loans written by Aussie brokers.

Home loan lodgements written for HSBC Australia’s mortgage offerings by Aussie brokers will surpass $1 billion within the next month.

The bank was recently announced as the 21st lender on Aussie’s lender panel, providing it with access to the brokerage’s network following a 10-year absence from the third-party distribution channel.

Aussie chief executive James Symond believes that the brokerages’ relationship with HSBC will help provide brokers and their clients with further choice in the lending market. 

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“We’ve had a really strong start to our relationship with HSBC over the last seven months and have built up some great momentum going into 2018,” the CEO said.

“The addition of HSBC to our panel has given our brokers and customers even greater choice of quality home loans, and this impressive response speaks for itself.”

Head of mortgages and third-party distribution at HSBC Australia Alice Del Vecchio claimed that the bank’s relationship with Aussie has provided it with “added reach”.

“We were excited to partner with Aussie from the beginning, and we’re even more excited by the strong results we’ve seen in such a short period of time,” Ms Del Vecchio said.

“Aussie’s footprint and quality broker network has given us the added reach we needed, and we’re thrilled by the response from Aussie’s brokers and customers.”

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 [Related: Aussie appoints new WA state manager]

HSBC to hit billion-dollar milestone with Aussie
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