Brokerage seeks to double mortgage team

The Brisbane-based broker also has long term plans to hire 100 brokers nationwide over the next five years

Brokerage seeks to double mortgage team



Brisbane-based brokerage Real Estate Investment Finance (REIF) is in the middle of a significant recruitment drive aiming to double its broker team by the end of the year.

Australian Broker asked REIF managing director and founder David Chehade about the firm’s growth ambitions now it had reached four years in business.

“The long term goal over the next five years is to have 100 brokers nationally. We’re sitting at five brokers at the moment and are looking to go to 10 brokers by the end of the year. From there, we’ll scale up across Australia.”

The firm has also grown since its establishment, doubling its loan settlements each year.

“We’re aiming to go for $100m this financial year and will continue that trend of doubling,” he said.

From being run and operated by Chehade alone, REIF has since expanded to take on an office manager, in-house loan processer, and a team of brokers.

The firm has been contacted by plenty of applicants interested in joining, he said.

“I’m interviewing another five brokers this week. I’m confident that we’ll have ten by the end of the year because there are a lot of enquiries coming in. We’re finding a lot of brokers are looking to join a group where they have the opportunity to go out and generate their own business through their own channels.”

REIF provides in-house support and a team environment to its brokers, Chehade said.

“Our brokers get the clients up until the application stage and then hand the admin side of things onto our processer so they can get onto the next client. This is definitely a way that they can archive a lot more.”

Despite being based in Brisbane, a large proportion of REIF’s clients are in Sydney and Melbourne with clients found nationwide, he said.

Although REIF brokers can be situated anywhere around the country, running their business from home, they are always welcome in the Brisbane office, Chehade said.

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