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The MFAA has appointed Chad Hoy Poy as its new state manager for Queensland.
Mr Hoy Poy joins the Mortgage and Finance Association of Australia (MFAA) with 18 years of finance industry experience across mortgage broking, business development, and management at both aggregators and lenders and worked on the establishment of a non-bank lender.
He previously held roles with REA Group, NMB, Bankwest, Pepper Money, and, most recently, Macquarie Group.
Mr Hoy Poy joins the MFAA’s team of state managers that provides direct on-the-ground state-based expertise to members.
Prior to Mr Hoy Poy’s appointment, Bob Masalkovski and Maree Maditianos joined the association as state managers for NSW/ACT and Victoria/Tasmania in May.
In addition, the MFAA appointed current chief product and digital officer at Service NSW, Katherine McDermott, as a director to the MFAA board.
MFAA chief executive Anja Pannek said Mr Hoy Poy’s background in the mortgage and finance broking industry will “enrich the service provided to the association’s Queensland-based members”.
“Chad brings wide knowledge of our industry and first-hand experience as a mortgage broker to the MFAA and I’m looking forward to working with him,” Ms Pannek added.
Mr Hoy Poy commented on his new role: “I am honoured to be joining the MFAA as the Queensland state manager and look forward to working alongside, and supporting MFAA members.
“I have a deep appreciation for all the work MFAA members do for their clients, their families and each other.
“We operate in an industry that has seen, and will continue to see, times of disruption, however, it delivers extremely rewarding moments both personally and professionally.
“Working with the MFAA will enable me to represent and advocate for our members and our industry and I’m looking forward to helping MFAA members continue to grow strong businesses.”
Broker market share reaches new record
The MFAA recently announced that mortgage brokers wrote 69.6 per cent of all new residential home loans between January and March 2023, hitting a new record for the quarter.
This figure revealed an increase of 0.3 percentage points on the December 2022 quarter, which was 69.3 per cent between October and December 2022 as well as a 0.1 percentage point increase on the same period last year.
The March 2023 figures now represent the second-highest broker market share figure on record after surpassing the December and March 2022 quarters and sitting behind the record 71.7 per cent set in the September 2022 quarter.
[RELATED: Broker market share hits march quarter record: MFAA]
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