October 21, 2015
Highlighting the ongoing strength of the Mortgage Choice business model, the company has achieved a new significant milestone.
Earlier this month, Mortgage Choice's loan book officially hit $50 billion for the first time.
Mortgage Choice chief executive officer John Flavell said the achievement was a significant milestone for the 23 year old company.
“Over the last 23 years, Mortgage Choice has steadily grown into one of the country's biggest branded brokerages,” he said.
“Today, our network of mortgage brokers writes approximately one home loan every 15 minutes. In total, we have helped more than 400,000 Australians achieve their dream of property ownership – either by purchasing an owner occupied home or building their wealth through property investment.”
Moving forward, Mr Flavell said Mortgage Choice will continue to help more Australians realise their financial goals through its broking and financial planning networks.
“With the introduction of financial planning, Mortgage Choice is now well equipped to meet the growing financial needs of all Australians, something we will look to capitalise on this year,” he said.
“Further, given that the property market continues to show real signs of strength, I am confident that we will not only be able to achieve another strong financial result this year, but achieve another loan book milestone in the not-too-distant future.
“Mortgage Choice has already grown its home loan approval and settlement numbers over the first quarter of FY16 in comparison to the previous corresponding period.
“In fact, July was our second biggest month on record for home loan settlements, which bodes well for the 2016 financial year.