Top 100 broker to become CEO of mortgage franchise

by Miklos Bolza10 Jan 2017
Former top ten nominee of MPA’s Top 100 Brokers for 2016 Peter Ellis continues his rise up the ranks as he is set to step into the role of CEO at Century 21 Home Loans.
 
The move comes as the current CEO, James Green, has announced his resignation effective at the end of the month after selling his 20% interest in the firm.
 
With Charles Tarbey, owner of Century 21 Australia, making a bid to purchase both Green’s stake as well as the 24% owned by Macquarie Bank last month, Green said it was a good time to move on.
 
“It all happened late last year. Charles made an offer to Macquarie Bank to buy their entity and I thought it was a good time for me to also take up that offer,” he told Australian Broker.
 
In his four years as CEO, Green and his team have managed to increase settlement volume from $242 million to $502 million per year. He also built up the loan portfolio from $650 million to $1,351 million and boosted revenue by 113%.
 
It was now time for someone else to step into the role and implement their own ideas instead with Ellis being perfect for this position, he said.
 
“I think it’s a really great opportunity for him to take on a national leadership role,” Green said. “He’ll do a great job. He’s been in the game for over ten years and he really knows his stuff.”
 
Ellis moved over from McGrath’s Oxygen Home Loans working as a NSW franchisee for Century 21 Home Loans before being chosen to replace Green as CEO.
 
As for the future, Green said he had no plans as yet about what he would do.
 
“I am now enjoying this special time with the family and excited about looking at new opportunities.”
 
“It was really awesome working with everyone at Century 21 Home Loans,” he added. “Macquarie’s contribution was outstanding and Charles was great to work with. I wish Peter the best of luck with this new opportunity.”
 
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