Australia's largest retail mortgage broker, Aussie, today celebrates 30 years in the home loan market and 14 consecutive months of record settlement volumes as it gears up for a new era of growth powered by Lendi Group technology.
“Over the last three decades, Aussie has led the industry and helped over one million customers on their home loan journey by understanding their needs, being in their corner and providing straight-talking home loan advice,” said Brad Cramb, CEO of Distribution, Lendi Group (parent company of Aussie). “As we look forward to the next 30 years, technology is going to be central to not only Aussie’s continued growth, but how we create better experiences for our customers and our brokers.”
Founded in 1992, Aussie was widely credited for bringing more competition to the Australian home lending industry and following the 2021 merger with Lendi, the industry’s number one technology platform, the iconic Aussie brand and network is again set to redefine the next 30 years in mortgage broking.
“As the original category disruptor, pushing the boundaries and finding new ways to drive the industry forward is in our DNA,” said Cramb. “The importance of the broker to both the industry and the customer has never been more important and we are seeing this play out in category growth as well as our own Aussie results.”
FY21 was Aussie’s best financial year ever and the momentum has not slowed in FY22. For the last 14 months, Aussie has achieved record settlement results and in January total settlements were up over 40% year on year.
“The Aussie network has never been stronger and we’re on the cusp of a massive growth phase,” added Cramb. “As key technologies, processes and direct lender integrations pioneered by Lendi Group are rolled out to the Aussie network, our brokers will see huge uplifts in productivity and the experience they can deliver to the next generation of customers.”
Aussie’s network of more than 1,000 brokers is continuing to expand and January saw Aussie induct the highest number of new brokers at a monthly induction in three years. Furthermore, a record 13 new franchise approvals were completed in December and 15 new Aussie stores are due to open in the first six months of 2022.
The popularity of Aussie’s home loan products has also reached new heights as the portfolio continues to challenge the major lenders with competitive rates, product features and service levels. In January, the Aussie Home Loans portfolio surpassed $10billion in value while earlier this month, its flagship product Aussie Select surpassed $8billion.
About Aussie
Aussie was founded in 1992 and was widely credited for bringing competition to the Australian home lending industry. For 30 years, Aussie Brokers have put progress within reach of more Australians, helping over one million customers with their home loan. Today, Aussie is part of the Lendi Group; and has the largest retail brokerage footprint across Australia. For more information about Aussie, please visit Aussie.com.au or call 13 13 33.
About Lendi Group
Lendi Group is the parent company of Aussie Home Loans and Lendi. Both Aussie and Lendi were founded as market disruptors with a common purpose to help Australians get access to better deals, better rates and better information on their home loans.
David Hyman and his fellow co-founders, Sebastian Watkins, Martin Lam and Mark Kalajzich, started Lendi in 2013 to empower borrowers with more transparency and choice while Aussie was founded by John Symond in 1992 to bring competition to the Australian home lending industry. In 2021, Lendi and Aussie merged to create the powerhouse Lendi Group and usher in a new era of seamless connection between customers, lenders, brokers and data.
Driven by its mission to change the way Australians experience property lending, Lendi Group is home to Australia's number one online home loan platform, a network of over 1200 brokers, a head office team of 600 people and a retail footprint of more than 225 stores across the country.