One of Australia’s largest non-bank financial groups, Aussie Home Loans, has posted a strong 32 per cent growth in home loan sales enquiry during the March 2012 quarter. Mortgage settlements for the quarter are up 28 per cent on the previous corresponding quarter. As a result, Aussie’s market share of new settled loans during the period, based on Australian Bureau of Statistics, rose 24 per cent from 3.8 per cent in February 2011 to 4.7 per cent in February 2012.
The strong performance comes at a time when lead and loan volumes have been subdued across the market, especially in the non-bank sector.
Aussie’s Chairman and founder, Mr John Symond, said the strong growth in volumes and leads was largely due to the success of Aussie’s new marketing campaign.
“The ‘It’s Smart to Ask’ campaign has prompted consumers to pick up the phone or go online to investigate how their home loans are performing and simply ask the question, ‘can I get a better deal’?
“We have seen a big jump in people seeking to re-finance their existing home loan, especially after the banks increased their rates in early February”, added Mr Symond. To satisfy this increased customer demand, Aussie continues to recruit new brokers to operate in their mobile or retail channels.
“We are always looking for motivated people to join the Aussie sales team and build their own viable businesses under our industry-leading mobile broker or franchise model”, added Mr Symond.
The growth rates have been revealed as Aussie recently announced the planned acquisition of wholesale mortgage broker, National Mortgage Brokers (nMB).
Aussie currently has a loan book of over $42 billion with more than 250,000 mortgage customers being serviced 24 hours a day, seven days a week through Aussie’s lending force of approximately 700 accredited mortgage brokers and 150 stores.
Following the acquisition of nMB, the Aussie group will have a loan book of over $50 billion, and based on March 2012’s results, approximately $1.2 billion in new mortgages each month and on target for 1,000 accredited mortgage brokers within the group this calendar year.
Customers can call Aussie on 131333 or visit their nearest store