Mortgage management firm Mortgage Ezy announced its acquisition of Great Pacific Finance.
The deal includes Great Pacific Finance’s loan book worth $375m.
Mortgage Ezy founder and executive chairman Peter James said purchase enhances the company’s financial position in the market and is a significant boost to its portfolio.
“While there have been several reasonable purchase opportunities in recent months this was the most tactically significant and sensible one for Mortgage Ezy now however tomorrow is always another day.”
CEO Garry Driscoll confirmed that ongoing trail revenues to Great Pacific Introducers would be honoured under the terms of the agreement.
“In the long run our message to all brokers is that through Mortgage Ezy your interests and income will always be secure.”
Mortgage Ezy aggressively expanded its distribution over the last 12 months enabling growth across its prime funding alliances.
Latest Comments
Total:
4
comment(s)
James Santo on
31 May 2010 08:47 AM
Well done Peter. Good to see one of the industry''s true visionaries going from strength to strength
BrokerBrains on
02 Jun 2010 02:21 PM
Just a shame they use tacky gimmicks in their marketing...Mortgage Cheezy more like!
scentedkaye on
17 Dec 2010 12:32 PM
CONGRATULATION PETER JAMES.... YOUR AN INSPIRATION TO EVERYONE.... WERE PROUD OF YOU...
Broker on
17 Dec 2010 12:53 PM
They will honour the exisitig trail agreements , wo,w how nobal of them!!!!