December 2017 and January 2018 marked Loan Market’s months with biggest ever settlement since the group’s inception, the broking group has revealed.
The Loan Market Group has reported year-on-year growth of 35 per cent after settling $886 million in December 2017 and $821 million in January 2018.
“Over the past two years, we’ve been investing heavily in people and platforms to support our brokers work more efficiently,” Loan Market executive chairman Sam White said.
Mr White attributed the business’ growth to its organisational focus and its investment in technological platforms.
“The lending environment is getting more complex and the compliance requirements more onerous. These new platforms provide brokers with the knowledge and tools to thrive in this environment,” the chairman added.
Last year, the brokerage launched mobile platforms, MyCRM to improve processing methods and online education platform Springboard, which Mr White believes have simplified the process for brokers.
“MyCRM and Springboard connect and complement our growing suite of service offerings, ensuring we are on track with our vision of becoming the modern-day branch manager,” the chairman said.
“Springboard provides over 160 online courses covering everything from compliance, business planning, training, marketing and broker hacks, delivered across webinars, podcasts and blog posts.”
Moreover, Mr White expects further growth in 2018, driven by an influx of new brokers joining the Loan Market network.
[Related: Top iSelect broker joins Loan Market]
Charbel Kadib is a journalist on the mortgages titles at Momentum Media.
Before joining the team in 2017, Charbel held roles with public relations agency Fifty Acres, and the Department of Communications and the Arts.
Charbel graduated from the University of Notre Dame Australia with a Bachelor of Arts (Politics & Journalism).
Younger Australians are dominating the mortgage broker market, wi...
The big four bank has issued a public apology to customers after ...
An ACL holder believes that upfront and trail commissions need to...