News
Previous News Items
- Team RAMS toils to combat heart disease, diabetes
- Variable rates dominate June figures - Mortgage Choice
- Dedicated non-bank lender cuts interest rates again
- Aussie CEO tipped for global top job
- Aggregator announces major partnership deal
- Return dumped savings tax incentive, urges fifth pillar
- Extensive investment scam uncovered, shut down
- Non-bank lender expands product range
- Stalwart returns with new broker initiative
- Broker smashes loan settlement record
- Pricing for risk, bank introduces low LVR/ low rate policy
- Refinancing soars, as borrowers drop fixed rates - latest figures
- Bank launches new initiative, following latest 'bank rage' data
- Aggregator recognised in business awards
- Sydney financial adviser faces jail over insurance fraud
- No RBA hat-trick in July - survey
- RBA's 3.5% still not enough - survey
- New director at Suncorp
- Industry survival intrinsically linked to fee for service, says veteran broker
- Fifty-four Refund franchisees back in business as Homeloans concludes deal
By Tim Neary
July 3, 2012
Aussie executive chairman John Symond
One of Australia's most recognisable mortgage brokers has achieved its biggest settlement day since it began keeping computerised records.
Aussie Home Loans increased settlements by 42.8% on June 30 last year, and grew by 10.27% on its previous biggest settlement day - back in March 2010.
Executive director James Symond said the result 'tellingly' seemed to indicate a growing confidence in the market.
"To be honest I think it's our best result ever, but we can only claim it as far back as our current computerised records, without digging through paper-based archives," he said.
Symond points to the Aussie "Smart to Ask" campaign for the extraordinary result, as well as to its broker recruitment campaign, but astute readers may want to know how much of a contribution recently acquired National Mortgage Brokers made in it.
Symond doesn't say, but elsewhere Gerald Foley (nMB managing director) announced the financial year closed with record settlements for his brokerage, with book growth at nearly 10%.
Instead Symond offers humbly that the Aussie team has "worked hard" to achieve this result which, he says, is a culmination of a number of factors.
Related Stories
Aussie/ nMB deal will undermine broker proposition, warns aggregator boss - The acquisition of National Mortgage Brokers by Aussie Home Loans brings the importance of having independent aggregation groups within this industry into sharp focus, according to Outsource Financial CEO Tanya Sale.
Aussie: New frontier for brokers - In an increasingly challenging marketplace Aussie brokers will continue to leverage support from its strong brand, the non-bank retail financial services group has said.
Did you like this article?
Subscribe to the MortgageMix to receive our Newsletter and weekly News-Wrap
 |
 |
| Phone (02) 9939 8771 |
