Franchise sets sights on $2 billion month

by Julia Corderoy14 Jan 2015
Broker franchise Aussie Home Loans has said it set a new monthly settlement record in December, smashing its previous record set in May 2014.

Home loan settlements for Aussie and its wholesale aggregator, National Mortgage Brokers (nMB), reached a record just shy of $1.8 billion for the last month of the year – over $150 million above the previous Group record set in May.

Aussie’s executive director James Symond says ending the year with their best settlement result in almost 23 years of business is a great reward. Now, the franchise has its sight on the $2 billion mark.

“We are on track to achieve our first $2 billion settlement month which I believe we will hit before the end of this financial year,” he said.

“Both Aussie’s retail and mobile broker channels topped their previous records; with the retail channel in particular performing exceptionally well at almost 10% higher than its previous best month. It’s exciting when I think how much the Aussie Group has grown in the short amount of time since we expanded into retail and acquired nMB.”

Symond also said December was their best month for conversions since January 2014.

“This tells me that we are on the right path and making the right moves by continuing to focus on working smarter and investing in the things that will deliver real results for our franchisees and brokers,” he said.