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ISCOVER
By: Kate Miller
Australia’s leading brokerages have been recognised in The Adviser’s 2010 Top 25 Brokerages report, partnered by RP Data.
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Leading the ranking once again was listed broking group Mortgage Choice while Aussie and Loan Market charged up the list to take second and third places respectively.
According to The Adviser’s publisher Jim Hall, compiling the report brought home just how much the market improved in 2009, whilst also serving as a “chilling reminder” of how bleak 2008 really was.
Collectively, the Top 25 wrote $36.3 billion worth of residential mortgages in 2009 compared to $30.2 billion in 2008.
While big name brokerages appeared throughout the ranking, good standing in broker productivity propelled several smaller operations into the list.
“Big brands have reaffirmed their strong position within the industry. This is a reflection of the maturity of those businesses as well as the depth of their brokers numbers and their high levels of productivity,” Mr Hall said.
Mr Hall said that the Top 25 Brokerage report provided groups of all sizes a valuable insight into the business activities of the industry's leading groups.
“Understanding how market leaders earn their crust is valuable to any industry and mortgage broking is no different.”
For the full Top 25 brokerages ranking and report look out for The Adviser Issue 4.7.
