Raine & Horne Financial Services (RHFS) yesterday announced the appointment of its 70th mortgage broker.
RHFS also indicated that it intended to extend its network to 125 brokers by July next year and increase its franchises to at least 35.
Gary Lees, general manager of RHFS, said brokers were attracted to the group because of its commission structures and the well established Raine & Horne brand.
“We provide excellent commission splits compared with other broking groups,” Mr Lees said.
Mr Lees said brokers averaged a 45 per cent increase in loan volumes after they joined RHFS due to the large number of leads supplied by Raine & Horne real estate agents.
According to Lees, the group is also in talks with GE Money and Challenger to launch a white label product in September.
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