Australia’s leading mortgage broker, Aussie Home Loans, has posted record results for the 2015-2016 financial year, with $22 billion worth of loans settled during the period.
The announcement of the record results, which includes over $3.5 billion by Aussie’s wholesale mortgage aggregator nMB, coincides with Aussie opening its 200th store in Sydney’s Balmain.
Chief Executive of Aussie, Mr James Symond, said “There is ongoing momentum in the home loan market as interest rates continue to fall, with June being the biggest month in our 24-year history.
“Our retail channel continues to be a standout performer and it is poignant that our landmark 200th store is owned and operated by one of our longest standing and most successful mortgage brokers, Lindsay Rogers,” he added.
Aussie Balmain is Lindsay’s second Aussie franchise and one of 25 Aussie stores opened during FY16. After working as a mobile broker and a sales manager with Aussie over almost two decades, Lindsay opened Aussie Newtown with his son Matthew in 2012. The father and son duo have now expanded their partnership, opening Aussie Balmain with one of their experienced Newtown mortgage brokers, David Leotta.
In FY16 Aussie also grew its total broker numbers to 1,450 in FY16, prompting it to exceed its FY15 performance by 10 per cent.
“There was literally no part of the business that wasn't enhanced over the past 12 months. We expanded and strengthened our product range, invested heavily in IT infrastructure, brought our customer contact centre in-house, moved to world-class headquarters at Grosvenor Place and continued to provide our brokers with exceptional training and events. It’s been a big 12 months,” he added.
Along with its record-breaking results, Aussie secured a number of industry accolades in FY16, claiming The Adviser’s Top Brokerage for the fourth consecutive year, the Australian Broking Awards’ Major Brokerage of the Year – Franchise for the third year running, and winning the AB&F Mortgage Broker of the Year for the eighth time.
The broker also announced a national partnership agreement with OzHarvest, with a range of joint initiatives now underway to help needy and homeless people across Australia.
Mr Symond said “Despite some headwinds in overseas markets and a more subdued property market in Australia, we have hit the ground running in the new financial year and expect to post another record result this financial year.
“We’re also continuing to invest heavily in the Aussie brand with a new campaign to be rolled out for Spring, so watch this space,” he said.
Aussie is currently recruiting for mortgage brokers and franchisees across Australia. For more information about business opportunities with Aussie, visit aussie.com.au/careers.