Lendi Group posts record results in first month after Aussie merger

by Mike Wood11 Jun 2021

Lendi Group have announced record results in the first month of operation since their merger with Aussie Home Loans last month.

The newly amalgamated mortgage group hit new heights in terms of loans settled, loan volume and unconditional approvals.

Lendi were 14% up on settlements compared to the previous month, and 29% up on the same period in 2020, making May the best month on record for the group.

Aussie were also posting new records, with May 2021 their most successful month ever. They recorded $1.9 billion in settlements, overtaking March as their best performance. Their year-on-year was up 16% on 2020.

Lendi merged officially with Aussie Home Loans at the start of May, with Lendi CEO David Hyman becoming the head of the new entity and James Symond, once the face of Aussie, departing the group.