May 25, 2010
Australia's largest independently-owned mortgage broker, Mortgage Choice, is proud to announce the achievement of an important milestone: securing $2.5 billion in mortgage protection cover for its customers.
An increasing number of Australians who source their property loans through Mortgage Choice are enjoying greater peace of mind, knowing that in the unexpected event of being diagnosed with a terminal illness, a serious medical condition, or suffering a serious accident or death, that their mortgage repayments are protected.
Mortgage Choice national manager of non-core products, Simon Dehne, said the company's franchise owners are enthusiastic in their commitment to offering mortgage protection to customers in addition to a comprehensive range of other complementary products.
"Achieving this major insurance milestone goes some way to demonstrating the extent to which Mortgage Choice brokers are embracing diversification opportunities and successfully adapting their businesses to changing market conditions," he said.
"We are very proud to have assisted in providing this level of cover to our customers and have gone so far as to writing it into our franchise agreement that each loan writer must offer mortgage protection insurance to each customer.
"Mortgage Choice recognises that Australians invest heavily in their mortgages, whether it's in the form of a significant emotional commitment, financial commitment or both, and we want to increase their level of comfort with that situation."
One Sydney-based franchisee who has a high mortgage protection conversion rate, Irene Cujko, agrees she has a duty of care to her customers, just as they have a duty of care to themselves and their families.
"Part of our responsibility is to give customers the knowledge, support and range of quality choices they need to make informed decisions about protecting and improving their lifestyle, and those of the people they love," she said.
Mr Dehne adds, "We also recognise the industry is facing single digit credit growth, hence mortgage brokers require additional sources of income to help cushion the downturn. Mortgage Choice is working hard to make available to our brokers an expansive range of alternative revenue generating products and services."
For further information or to arrange an interview, please contact:
(02) 8907 0472