Broker-originated loans have grown 22% since 2012 MFAA research reveals… A non-bank lender has received an international award for innovation…
Strong growth in broker-originated loans: MFAA research
Broker-sourced loans have jumped 22% in four years since 2012, according to the MFAA’s second edition of the Industry Intelligence Service (IIS) Report.
The IIS Report showed the industry marketshare was 44% in 2012 compared to the 2016 industry marketshare at 53.7%.
The number of mortgage brokers has increased by 6% since September 2015 and about 750 new brokers have joined the industry during the six months.
It also found that brokers lodge on average 20 new loan applications each over the six month period and that more women are becoming brokers.
La Trobe Financial wins international award
Non-bank La Trobe Financial has won an international accolade for innovation at the International Finance Awards in London.
Named Australia’s Best Specialist Lender, two products from La Trobe Financial received particular praise:
First Home owner assistance Parent-to-Child (P2C®) loan to help young people into their first home, and
the innovative Aged Care Loan for an aging population.
International Finance Magazine (IFM) senior manager Sean Thomas said, “This is the first time we have awarded such recognition to the Asia Pacific region” and continued “and this Award is based not on performance excellence alone, but we closely examined each finalist’s rate of innovation. This is what specialists are meant to be doing. In this regard La Trobe Financial’s P2C® and Aged Care product innovations were a stand out”.
La Trobe Financial’s chief lending officer, Cory Bannister who received the award said “it is very pleasing to be recognised as the Best. We have been assisting those under-served by the traditional banking sector for over 60 years, with both loans and investment solutions.
“What makes us stand out, is the strength of innovation to market and speed of service and delivery. We have built solid processes and continue to deliver to Brokers on three promises:
• We get to know Brokers and understand their business so that we can add value. Our experienced sales team and Credit Analysts are available to talk to Brokers armed with the know-how to help the Brokers and their clients make the right decisions;
• Our business is geared to deliver flexible and fast solutions; and
• We have clear and consistent credit policies that Brokers understand and we don’t use claw backs on commission.
Broker-sourced loans have jumped 22% in four years since 2012, according to the MFAA’s second edition of the Industry Intelligence Service (IIS) Report.
The IIS Report showed the industry marketshare was 44% in 2012 compared to the 2016 industry marketshare at 53.7%.
The number of mortgage brokers has increased by 6% since September 2015 and about 750 new brokers have joined the industry during the six months.
It also found that brokers lodge on average 20 new loan applications each over the six month period and that more women are becoming brokers.
Applications for our Young Guns report are open now!
In your first 2 years of broking? Aged under 35? Get featured in MPA magazine and online as one of our 2017 Young Guns. Take 2 minutes to apply now and start your rise in broking; applications close December 2nd.
https://www.surveymonkey.com/r/MPA-Young-Guns-2017
In your first 2 years of broking? Aged under 35? Get featured in MPA magazine and online as one of our 2017 Young Guns. Take 2 minutes to apply now and start your rise in broking; applications close December 2nd.
https://www.surveymonkey.com/r/MPA-Young-Guns-2017
La Trobe Financial wins international award
Non-bank La Trobe Financial has won an international accolade for innovation at the International Finance Awards in London.
Named Australia’s Best Specialist Lender, two products from La Trobe Financial received particular praise:
First Home owner assistance Parent-to-Child (P2C®) loan to help young people into their first home, and
the innovative Aged Care Loan for an aging population.
International Finance Magazine (IFM) senior manager Sean Thomas said, “This is the first time we have awarded such recognition to the Asia Pacific region” and continued “and this Award is based not on performance excellence alone, but we closely examined each finalist’s rate of innovation. This is what specialists are meant to be doing. In this regard La Trobe Financial’s P2C® and Aged Care product innovations were a stand out”.
La Trobe Financial’s chief lending officer, Cory Bannister who received the award said “it is very pleasing to be recognised as the Best. We have been assisting those under-served by the traditional banking sector for over 60 years, with both loans and investment solutions.
“What makes us stand out, is the strength of innovation to market and speed of service and delivery. We have built solid processes and continue to deliver to Brokers on three promises:
• We get to know Brokers and understand their business so that we can add value. Our experienced sales team and Credit Analysts are available to talk to Brokers armed with the know-how to help the Brokers and their clients make the right decisions;
• Our business is geared to deliver flexible and fast solutions; and
• We have clear and consistent credit policies that Brokers understand and we don’t use claw backs on commission.
