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Mortgage Choice has announced its loan book has officially hit $50 billion for the first time.
Chief executive officer John Flavell said the achievement is a significant milestone for the ASX-listed group.
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“Over the last 23 years, Mortgage Choice has steadily grown into one of the country’s biggest branded brokerages,” he said.
“Today our network of mortgage brokers writes approximately one home loan every 15 minutes. In total we have helped more than 400,000 Australians achieve their dream of property ownership – either by purchasing an owner-occupied home or building their wealth through property investment.”
Mr Flavell said the group’s strong results will continue to grow over this financial year.
“Mortgage Choice has already grown its home loan approval and settlement numbers over the first quarter of this financial year in comparison to the previous corresponding period,” he said.
“With the introduction of financial planning, Mortgage Choice is now well equipped to meet the growing financial needs of all Australians, something we will look to capitalise on this year.
“Further, given that the property market continues to show real signs of strength, I am confident that we will not only be able to achieve another strong financial result this year, but achieve another loan book milestone in the not-too-distant future.”
