Aggregator hits 1,000 broker milestone

by Miklos Bolza27 Oct 2016
National mortgage aggregator Finsure Finance & Insurance has snatched up its 1,000th broker less than five years after it was first established.
John Kolenda, managing director of Finsure, said the milestone was reached when residential broker Bill Dale joined the Queensland team.
“We are always looking to recruit motivated, dynamic professionals like Bill Dale to join Finsure and continue to grow our business by expanding our network of mortgage brokers across Australia,” he said
Finsure has exceeded $1 billion in settlements since it was founded.
“The ability of the company to increase its growth rate is a tribute to the talented and hardworking team at Finsure as well as our amazing broker partners.”
The aggregator’s broad-based value proposition which can be tailored to both broker businesses and individual brokers was a key aspect behind the rapid growth rate, Kolenda told Australian Broker.
“We have a diverse and powerful value proposition which can be tailor-made to the requirements of each business through different channel options and commission structures,” he said. “These are largely tailored to and matched up against the value brokers are getting from us and/or on their own.”
In Australia’s present low interest rate environment, Kolenda said that experienced mortgage brokers were becoming more and more important.
“It has never been more crucial to have the expertise of a mortgage broker in what is a very confusing lending landscape.”
“More than 50% of Australian home loans are now written by mortgage brokers and they can save you time, stress and of course money by finding the most competitive loan.”
As for how Finsure would go about attracting the next 1,000 brokers, Kolenda was hopeful without going into too much detail. “We’ve got some exciting plans for 2017 that we’re working on that will look to drive greater value for our brokers in a number of different ways,” he told Australian Broker.
Related stories:
Recruiter launches broker-specific jobs site
Aggregator launches 'Broker Academy'
Aggregator exceeds $1 billion milestone