Aggregator hits recruitment milestone

by Julia Corderoy24 Sep 2015
Major aggregator, Finsure has hit a recruitment milestone, employing its 800th broker in less than five years of operation.

Finsure managing director John Kolenda says the aggregator, which entered the market in mid-2011, is recruiting an average of 25 brokers a month. It is now well-placed to achieve its goal of recruiting 1,000 mortgage brokers by the end of 2016.

“We are actively seeking potential acquisitions in a bid to further grow the business. Organic growth also remains strong, with brokers voting with their feet as they seek a more tailored approach from their aggregator to assist their business needs,” he said.

 “It’s also an endorsement of our multi-brand lead generation strategy across our different customer segments, which include Australia’s first mortgage-broker owned home loan brand, 1300HomeLoan.”

The recruitment milestone has come off the back of significant volume growth over the past 12 months, says Kolenda. The aggregator reported growth of 70% in settlement volumes over the 2015 financial year.

“These milestones are an endorsement of the group’s development strategies.

“Finsure is highly competitive and is the aggregator of choice for brokers who are seeking unrivalled business support in addition to market leading remuneration plans. I’ve always believed that the Finsure business model is the best in the market.”

Last year, Finsure was ranked at number 18 in BRW’s run down of the 100 fastest growing companies in Australia, after growing its revenue by 140% over the 2014 financial year. It was also listed as the third fastest growing business in the financial services sector.

The aggregator also made headlines earlier this year when it announced it was “actively seeking” further growth opportunities after rumours circulated of a merger with Yellow Brick Road.
 

COMMENTS

  • by John 24/09/2015 8:41:19 AM

    Yeah but have you seen their team... 800 brokers and lucky to be settling around 600 million a month. They spin a good story however the reality is shocking.

  • by Paul Gollan 24/09/2015 9:02:16 AM

    I get to see the numbers every month and we are settling just under $900 million p.m. Volumes continue to grow and our high commission / high support model is attracting substantial interest from brokerages at all volume levels across Australia.

    Paul Gollan
    QLD BDM Finsure & LoanKit

  • by Ray Ethell 24/09/2015 9:35:08 AM

    When you get delivery rates so you can set your own upfront and trail on Resimac Prime and Specialist Products I am surprised that more Brokers have not made the switch!