The Resi Mortgage was founded more than 20 years ago by Peter James and Jim Christie who had the aim of delivering innovative and keenly priced loan products to the market place to give borrowers maximum flexibility and choice. Resi Mortgage Corporation was founded more than 20 years ago by Peter James and Jim Christie who had the aim of delivering innovative loan products to give borrowers maximum flexibility. The franchise is unique in the non bank lending industry and that’s why Resi is so sought-after by homebuyers as well potential franchisees.
The Resi franchise is like a cross between a bank and a mortgage broker, with the advantages of both. The franchise is similar to a bank in that it designs and prices Resi home loan products, that are funded through partners like Macquarie Bank and Challenger Financial Services. However, the main difference between a Resi franchise and the banks is that Resi is focused on home loans, so it is an expert. Also, the franchise provides an alternative to the banks and pays commissions to the distribution network: the franchisees. But unlike a mortgage broker, Resi deals with customers right through from the initial lead to settlement and beyond.
The Resi franchise never passes customers on to a third party. Nurturing customer relationships is crucially important to the franchise because it is often these relationships that are the best source of future leads and repeat business. In fact, the franchise is really a series of relationships; between customers and franchisees; between franchisees and the Resi support offices and between Resi and the funders and many other groups.
Resi has a clear and focused strategy to build the franchise network and a strong commitment to supporting and serving the franchisees.