A leading franchise brokerage has cracked a new milestone for lodgements and settlements for October.
Home Loans has announced it lodged $2bn worth of home loan applications in October, a new record for the company. The brokerage also hit a settlement record of $1.4bn for the month.
"We are meeting our ambitious growth targets for the year, with our retail and mobile broker channels both reporting substantial lifts in volumes. We are keen to keep growing and note the mortgage broking industry is now writing the majority of home loans in Australia as more consumers recognise the important role we play in getting the right loans for their needs," founder and executive chairman John Symond
While Symond conceded some of the growth was driven by a surging housing market, he argued that the company was also "working smarter".
"It’s certainly a great time for mortgage brokers in Australia, but another big reason for the growth is the strengthening of the Aussie
brand. Our franchisees and mobile brokers attract more customers and write more business because of the Aussie
brand, which is an incredible competitive advantage. We’re also working smarter and investing in things that will deliver results, like technology and support in other areas of business," he said.