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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.
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.
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