Concept:
Mortgage Broking Services
Territory:
Australia
Training Provided:
2 Week Induction Training
Marketing Support:
TV, Press, Radio, Online
Agreement Term:
5 years with 5 year Option
Number Of Units:
449 (as at 31 December 2007)
Investment Required:
$35,200
Business Established:
1992
Franchising Commenced:
1994
Qualifications Required:
No Financial or Sales Experience Necessary
About Mortgage Choice
Established in 1992, Mortgage Choice is Australia's leading mortgage broker, writing almost one in every 20 Australian home loans via franchises operating throughout the nation. We provide you with a strong support system, an industry leading training program and a high quality continual professional development program so you'll be ready for business from start to finish.
Business Overview
Mortgage Choice started in 1992 with a simple, clear vision: to provide a high
quality service to property buyers enabling them to compare a variety of home
loans across a range of lenders in the privacy of their own home, one of our
offices, or any other location that suits them. We believe our success today
stems from doing just that.
Nationally, our loan book stands at over $31.6 billion, and we have an extensive
range of Australia's leading lending institutions on our lending panel. This
means we can offer our customers hundreds of different types of home loan
products.
For a Mortgage Choice franchisee, the rewards can be outstanding. Low entry
costs, minimal overheads and the immediate recognition of being part of an
industry leader are just the beginning. Strong teamwork, proven systems, a great
brand and committed support ensure a unique opportunity to grow your business
well into the future.
Growth potential in the industry
The complexity and range of property loan products on offer from various lenders
are making it increasingly difficult for the home buyer to make a choice, much
less do the necessary running around. This is why over 45% of all new home loans are
organised through a mortgage broker.
When you consider that Mortgage Choice is Australia's leading mortgage broker
(in an industry worth over $200 billion dollars annually) you have to suspect
that the future is looking rosy.
Why consider a Mortgage Choice franchise?
Mortgage Choice franchisees are in an ideal position to take advantage of growth
in the mortgage broking market. Combined with a strong reputation, a solid
business model and a committed franchise network, Mortgage Choice franchisees
have a strong base from which to build a successful future in the industry.
From set-up advice, mentoring and ongoing training to software support,
advertising and editorial material, discussion forums and a lot more, the highly
experienced team at Mortgage Choice is dedicated to helping your business grow.
The benefits of being a part of the Mortgage Choice franchise network
include:
• Low entry cost & overheads
• Work from home, commercial or shopfront office
• Generous financial reward structure based on performance
• Leading edge software & ongoing training
• Hands-on field support
• National marketing and public relations campaigns
• No financial or sales experience necessary
• Group Office leads
Mortgage Choice Training and Development
You know it and so do we: knowledge and experience are the cornerstones to
business success. Through a variety of programs offered by the Mortgage Choice
Training and Development team so you can quickly get your new business off the
ground. Once underway, you'll find a full range of further training and
development programs to help your business prosper and grow.
Mortgage Choice marketing activities
Mortgage Choice spends over $7 million on national advertising and public
relations campaigns annually, with no levy charged to individual franchisees.
Potential customers arising from the advertising activity are dispersed to
individual franchisees via the Mortgage Choice customer service centre.
Our Awards
Our franchise system has received much recognition including:
• 2008 - Mortgage and Finance Association of Australia (MFAA) Awards Retail
Mortgage Broker of the Year
• 2008 - MFAA Awards Operator of the Year
• 2008 - BRW Magazine Fast Franchises list
• 2007 - Lending Central Awards Mortgage Broker of the Year
• 2007 - FCA Excellence in Franchising Awards Franchisor of the Year (finalist)
• 2007 - Australian Banking and Finance Magazine Awards Best Mortgage Broker
• 2006 - BRW Magazine Top 500 Public Companies list
• 2006 - Mortgage Industry Association of Australia Awards Retail Mortgage
Broker of the Year
• 2005 - Australian Mortgage Awards Best Branding
• 2005 - Australian Mortgage Awards Most Effective Internet Presence
• 2005 - Mortgage Industry Association of Australia Awards Originator of the
Year [30+ staff]
• 2005 - Australian Banking and Finance Magazine Awards Best Mortgage Broker
• 2005 - BRW Magazine Top 500 list
• 2004 - BRW Magazine Fast and Lasting list
• 2004 - BRW Magazine Fast 100 list
• 2004 - Australian Banking and Finance Magazine Awards Best Mortgage Broker
• 2004 - Australian Mortgage Awards Franchise Operation of the Year
• 2003 - BRW Magazine Fast 100 list
• 2003 - Franchise Council of Australia (FCA) Awards Franchisor of the Year –
Home-Based and Mobile, Greater than 100 Outlets
• 2003 - Australian Mortgage Awards Franchise Operation of the Year
• 2002 - BRW Magazine Fast 100 list
• 2001 - BRW Magazine Fast 100 list
• 2000 - BRW Magazine Fast 100 list
• 2000 - Franchise Council of Australia (FCA) Awards Best Franchise System
(under $50,000)
• 1999 - Franchise Council of Australia (FCA) Awards Best Home Grown Franchise