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ISCOVER
Staff Reporter
The prospects for mortgage brokers in 2013 are probably the most promising since the Global Financial Crisis, one aggregation head has claimed.
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Speaking at the Vow conference in Phuket, Thailand, the aggregator’s chief executive officer Tim Brown said he expects to see the residential property market recover in 2013, which is ultimately good news for brokers and their businesses.
“At Vow, certainly, we are looking forward to 2013, when we see the business entering a growth phase after consolidating in the past financial year,” he said.
“We have a lot of initiatives in the pipeline, including the recruitment of new broker groups, the appointment of a new Queensland State Manager, a new real estate alliance, and we are piloting a new lead generation system.
“The list does not stop there. Vow is launching a new commission system, we will continue to improve its systems and processes, we will re-Launch Elders Home Loans and The Mortgage Professionals brands and grasp any other commercial opportunities as they arise, such as the emerging self managed super fund market, which Vow sees as an enormous business opportunity for its brokers.”
Although Mr Brown struck an optimistic note at the conference, he cautioned the delegates that there were still economic problems that needed to be solved.
“In particular, I expect Europe to stay in recession, and there is still potential for Greece to still leave the Euro. That said, we are seeing Great Britain’s private sector creating jobs, the US is showing signs of recovery, and China’s growth, while slowing, will still be around 7-8 per cent.”
