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MFAA Prosper : Mortgage and Finance Brief 08
Matthew Bransgrove, Partner firstname.lastname@example.org Kate Cooper, Partner email@example.com Mortgage and Litigation Experts Matthew Pavlich Think differently. Think Homeloans. Homeloans has 25 years of experience at providing brokers and their clients with a refreshing alternative to the banks. • Competitive and simple commission structure • Comprehensive range of products and credit policies • Faster turnaround times and electronic application process • Customer benefits program with ongoing discounts on a range of goods and services • No channel conflict Accredited brokers can visit our broker portal at homeloans.com.au/loanzone To find your local Homeloans BDM call 1300 78 78 66. Terms, conditions and lending criteria apply. Lending policy, interest rates and fees are subject to change. Homeloans Limited ABN 55 095 034 003. AFSL 247829. Mortgage + Finance - Vertical.in1 1 10/28/2010 9:00:32 AM Homeloan’s lending volumes increased by 59% in the six months to December 2010, a move the lender suggests shows customers are returning to non-bank lenders. Net Profit After Tax and after normalising for the capital return increased to $4.4m, up 3% on the previous corresponding period result of $4.3m, while revenue increased to $39.7m, up 8% on the previous corresponding period result of $36.7m Homeloans Executive Chairman Tim Holmes said, “ While consumers shied away from non-bank lenders during the global financial crisis, we have seen a very positive increase in demand for our home loan products this half, as reflected in our 59% increase in lending volumes. We have worked closely with our key wholesale funding partners to improve and expand our product offering.” Loan book buy/sell program launched Advantedge has launched a buy/sell program to help brokers realise the value of their loan and insurance book. The program, available to brokers who aggregate through PLAN Australia, Choice or Fast, enables brokers to identify potential sales targets and to sell their loan book to other Advantedge brokers. Conversely, the program also offers opportunities to brokers looking to expand their business. Steve Weston, General Manager of Broker Platforms at Advantedge, said the launch of the buy/sell program aligns with the introduction of NCCP legislation and enables brokers to seek opportunities outside of the industry to monetise their book and be rewarded for their effort in building it. “ NCCP legislation has forced many brokers to assess their business and whether or not it’s sustainable under the new regime,” he said. “ Some brokers may seek to make a career change or look for opportunities elsewhere; our buy/sell program can facilitate a smooth transition of a broker’s loan book to another group – allowing those brokers focused on building their mortgage business to grow via acquisition,“ he said. Homeloan increases lending volume Hot stuff Pepper Homeloans has removed deferred establishment fees from its suite of home loan products. All new loan applications for the Pepper Flexi Advantage and Pepper Self-Employed Advantage Home Loans will now not have a DEF applicable to the loan. noticeboard
Mortgage and Finance Brief 07
Mortgage and Finance Brief 09