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ISCOVER
Jessica Darnbrough
For the fifth consecutive year, The Adviser has ranked Australia’s top mortgage originators, with one lender convincingly beating its competitors to take the top position.
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Homeloans took out the number one spot in this year’s Top 10 Originators Ranking after significantly growing its profit after tax, mortgage book and broker numbers.
The win caps an exciting year for the non-bank lender, in which it acquired Refund Home Loans and sold its 26.5 per cent stake in National Mortgage Brokers to Aussie Home Loans.
Speaking to The Adviser, Homeloans’ newly-appointed chief executive Scott McWilliam said the lender had achieved a lot over the past 12 months, but still had plenty in the pipeline for 2013.
“2012 was a year defined by historically low housing credit growth due to global and local economic factors and subdued consumer confidence, not to mention intense competition in home lending,” Mr McWilliam said.
“However, Homeloans had an unwavering strategic growth focus – and the acquisition of Refund Home Loan assets and the repositioning of our brand to third party brokers are a testament to this.
“We are focused on expanding our business via acquisitions and organic growth, increasing lending volumes through strategic relationships with our wholesale funders and enhancing our product offering.”
Falling just behind Homeloans in the ranking was Australian First Mortgage, which enjoyed a year of stellar growth, while RESI rounded out the top three.
For the full ranking, check out the April edition of The Adviser magazine, hitting desks this week.
