Powered by MOMENTUM MEDIA
the adviser logo
Lender

Specialist lender surpasses $1bn milestone

by Reporter4 minute read
Bluestone Mortgages, surpasses billion milestone

Bluestone Mortgages has surpassed the $1 billion milestone in settlements, with more than half of that coming in the last 12 months.

The brand, which began originating loans in the 2014 financial year, has revealed that it has now settled more than $1 billion of loans. 

To continue reading the rest of this article, create a free account
Already have an account? Sign in

Speaking to The Adviser, Royden D’Vaz, national manager – sales, marketing and distribution at Bluestone Mortgages, said that a large part of the recent pick-up has been increased awareness of the brand, such as winning the specialist lending category of the Third-Party Lending Report: Non-bank Lenders and attractive turnaround times. 

Mr D’Vaz said: “The brand has always been strong, but in the past 18 months we saw the momentum really build. Seventy-one per cent of that number was done in the last 18 months, and 54.4 per cent of that $1 billion came in the last 12 months.” 

Advertisement
Advertisement

He continued: “We bulked up the team from a sales point of view, our credit team was increased to meet the demand, our strategy was very much sticking to what we know best and keeping it very simple. So, we stuck to our core business and brokers learnt what a Bluestone loan looked like. Whether that be for a credit-impaired client or someone who is self-employed, we’re known as a specialist lender. 

“We don’t want to be everything to everyone. We are very specific in what we do and we know that this is what we do well, so we want to stick to that. So, we’ve been very specific in what we do and our brand has built up from there.” 

Mr D’Vaz added that the support teams have also been crucial in reaching the $1 billion milestone, as have turnaround times, which he said were “very good” and had been “a huge focus” for the company.   

Bluestone Mortgages said that it looks forward to achieving its $2 billion mark, which Mr D’Vaz said he had “no doubt would be reached a lot more quickly” with the company’s momentum.

[Related: Bluestone accepts VOI reports]

money piggy

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

ABA finalists

Finalists for 2022 Australian Broking Awards revealed!

Run with the support of principal partner NAB, the Australian Broking Awards – which is now in its 12th year –...

READ MORE
Anthony Albanese new ta

Home owners in flood regions offered cash payments

Speaking at a press conference on Wednesday (6 July), Prime Minister Anthony Albanese confirmed that residents in the...

READ MORE
Sam Henley

Fifo invests further into BDM team

According to Fifo Capital (Fifo), Sam Henley joined the lender as its senior business development manager –...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more