Broker at MoneyQuest reaches $1bn in paid settlements

by Micah Avry Guiao19 Aug 2021

MoneyQuest has announced that Paul Wright, a mortgage broker and franchise owner of the firm’s Wollongong location, hit $1 billion in paid settlements this week.

Over the last three years, MoneyQuest said Wright has secured over $100m in paid settlements annually, with FY2021 proving to be his most successful yet with a total of $132 million in paid settlements —a year-on-year increase of 28%.

Wright was originally a banker at Commonwealth Bank of Australia (CBA) who made the switch to mortgage broking and residential lending in 2002. He later operated as an independent mortgage broking business under Choice Aggregation Services before joining the MoneyQuest network as a franchise owner in December 2017.

“Taking care of our clients has always been our number one priority. Under promising and over delivering is really important, as is delivering what you’ve said you’re going to deliver,” Wright said. “We haven’t chased a huge amount of referral sources, we have instead focused our energy on providing six-star service to our clients.”

“I have known Paul and have had the pleasure of working alongside him, on and off, since 2002. He was always destined to achieve this amazing milestone for he embodies everything our customers hope to receive – absolute professionalism, and a genuine care for their wellbeing,” said Michael Russell, managing director of MoneyQuest Australia. “MoneyQuest Wollongong is presently averaging $20 million per month in settled loans – up almost 100% in the past 3 years – which is testament to Paul’s work ethic and leadership skills.”