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The boutique aggregator reached a settlement record last month, which it marked as it celebrated its 20th year in industry.
Mortgage broker aggregator Buyers Choice has announced that it has set a new settlement record, achieving $268 million for the month of September.
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This sum brings Buyers Choice’s total settlement figure over the past 12 months to more than $2 billion.
According to the PLAN Australia sub-aggregator, during the 2020/21 financial year, both residential mortgages and asset finance loans increased by more than half, growing by 61 per cent and 58 per cent respectively.
These figures come as Buyers Choice celebrates its 20th anniversary in the mortgage industry after being founded by Mick McClure and nine foundation members in Victoria as an “alternative advice model for brokers” during a time when the “home loan market was dominated by the major banks”.
It has since grown to establish a national presence and a membership of over 200 brokers.
Speaking of the anniversary, founder and director Mr McClure said he believes the group’s growth was a result of the company’s culture and objectives: A transparent customer relationship “without handcuffs”; a high level of customer support; and a community environment for its members.
“Twenty years on we have built a strong and growing national mortgage and finance business. I am proud of our many successes and reputation within this ever-evolving industry,” Mr McClure said.
“I look forward to a bright future for Buyers Choice and all our member businesses.”
Buyers Choice chief executive Brett Mansfield added that the aggregator is extremely proud to mark its 20th year in business, noting that it is “a significant milestone worthy of celebration”.
“In this competitive and constantly changing industry, it’s wonderful to celebrate this anniversary at a time when the future for the mortgage broking industry looks so bright,” Mr Mansfield continued.
“Our strategic focus on delivering our unique, transparent and high touch aggregation services has allowed us to continue growing, developing and innovating.”
Plan Australia CEO Anja Pannek also shared her congratulations to Buyers Choice, stating that the company’s growth and success over the past 20 years are a “testament to the customer-centric approach they take in supporting their brokers and delivering for customers”.
“Their contribution to our industry and numerous accolades has cemented their reputation as one of Australia’s leading brokerages,” she added.
Looking to the future, Buyers Choice said it would be looking to enhance its Buyers Choice Academy program, incorporate a social media marketing service for its branded brokers, expanding its lender panel to address niche policy and products; and expand and adopt technology and services to streamline the broker experience.
You can find out more about Buyers Choice and its broker offering at The Adviser’s New Broker Academy, taking place virtually on 12 and 13 October. You can find out more about the New Broker Academy, run in partnership with principal partner Buyers Choice, here.
[Related: Refinancing predicted to increase over next 2 years]
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