Industry spotlight: Mortgage broking services

Purchasing a home is one of the most pivotal financial decisions that any individual can make, and with the rising cost of housing hitting the Australian market hard, the influence of mortgage broking services has never been greater.

While still a relatively new franchise industry, mortgage providers and lenders have quickly become an integral part of the Australian economy, with several brands experiencing strong growth.

Inside Franchise Business takes a look at three franchise brands powering an industry now generating over $2b in annual revenue.

Aussie

With over 25 years of experience providing Australians with mortgage solutions, Aussie has more than 200 retail stores nationally and a team of mobile lenders on-hand.

Franchisees with Aussie receive full mortgage broker training as well as the industry required, two-year mentorship program included as part of the franchise fee.

Aussie mortgage brokers have a solid platform for franchise success, backed by the brand’s strong history as an industry leader and national development model.

Featuring on-going specialist support and a scalable business model for growth within a single unit store or through multi-unit ownership, an Aussie franchise opportunity is an industry-leading career path.

MoneyQuest

Franchise business, MoneyQuest was established in 2007 with the goal of making home-ownership a more attainable and accessible dream for Australians.

The team of mortgage brokers at MoneyQuest have taken the best practices and put together a comprehensive online and personal learning system to help franchisees build their future.

From a training perspective, franchise partners receive extensive business coaching, professional development workshops, business planning support and referral strategies to develop and enhance skills and expertise.

If you love making a difference and value business-ownership, a MoneyQuest franchise opportunity provides a stable platform to get started.

Resolve Finance

Western Australian franchise, Resolve Finance has grown steadily since establishing in 1997, expanding into Victoria ten years ago.

Since then, the brand has focused its efforts on providing a strong franchise model that presents flexibility and career growth.

Franchisees with Resolve receive access to all divisions of the business, including exclusive home load products, conveyancing, financial planning and personal finance, in addition to extensive on-going training and professional development opportunities.

The team of like-minded people are forward-focused individuals that want to drive the success and profitability of their franchisees.

Industry future

The highly regulated industry of mortgage broking translates well to the franchising model, but as the industry grows, a greater emphasis on technology, education and compliance will no doubt impact franchise systems.

The introduction of mobile lending services is changing the industry, and more flexibile working arrangements such as those seen in Aussie, Resolve and MoneyQuest are a direct response to changing market conditions.

These innovative brands are helping shape the next generation of mortgage service providers in the franchise sector.