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Why mortgage broking makes sense; An Aussie journey

Sarah Stowe

The lending and mortgage broking industry is in a phase of development and sector growth, powered by strong consumer demand.

According to Deloitte Access Economics’ The Value of Mortgage Broking report, published earlier this year, the mortgage broking industry contributed $2.9b in gross value to the Australian economy in 2016-17, and provided meaningful employment to more than 22,000 Australians.

As consumer confidence shifts away from traditional banking channels and customer expectations grow, studies show that more Australians are turning to mortgage broking services than ever before.

Brokers’ share of the residential home loan market is over 55 per cent for the January-to-March 2018 quarter, with over 90 per cent of mortgage broker customers reporting satisfaction with the service provided.

The industry provides valuable services to Australians around the country, with three in ten mortgages arranged by brokers being for customers in regional and rural areas; where residents have limited access to lenders.

For consumers, mortgage brokers increase choice and competition between lenders, driving value by creating a more competitive and cost-effective marketplace.

Aussie Home Loans was the first to kick-start the market evolution in 1992. Australia’s first non-bank lender, Aussie introduced a mobile lending service and in 1994, the securitisation of home loans, allowing them to offer loans up to 3 per cent cheaper than the big banks, which forced them to drop their rates to remain competitive.

Today, Aussie is Australia’s leading mortgage broker and largest branded brokerage, amassing over 25 years’ experience and developing a thriving franchise model which complements its longstanding mobile channel.

Following recent record results, Aussie is actively seeking to grow its team and find new franchisees looking to start, or grow, a small business.

The diversification of distribution allows experienced mortgage brokers, and those looking to enter the industry, to choose the right business opportunity for them with the backing of an industry leading brand.

Comprehensive industry training and professional development is critical to the overall success of a mortgage broker.

Aussie is ensuring the success of its franchisees through a structured support program that encompasses all aspects of the business operations, including sales, marketing, credit and business training to enable speed to success.

If you want to build a business with the support of an industry leader, Aussie has franchising opportunities available across the country. To view opportunities, visit www.aussie.com.au/business-opportunities and to find out more, click http://www.franchisebusiness.com.au/brands/aussie