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Mortgage aggregation group Choice has exceeded $50 billion in the value of its trail book.
The milestone comes following the recruitment of over 500 new brokers since 2013, and recorded settlement growth of 28 per cent year-on-year for the 12 months ending September 2014.
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“The phenomenal growth we have experienced as a business over the past couple of years really speaks to the strength of our brokers,” Choice chief executive Stephen Moore said.
“As consumer interest in the broker channel has grown, our brokers have positioned themselves ideally to benefit from the industry expansion.”
Mr Moore said that reaching $50 billion in trail book value was testament to the aggregator’s model of providing tailored support based on individual broker's business needs.
“Our full-service approach has continued to resonate in the market, translating to strong recruitment numbers as more and more brokers recognise the value of Choice membership,” he said.
“Through consulting with brokers on an individual level, and helping them to develop a tailored plan for business growth, we have delivered successful outcomes for our brokers across the board.”
Looking ahead, Mr Moore believes that recruitment growth will remain strong, with forecasts suggesting that a total of 300 new brokers will join Choice in the year to September 2015.
“We are actively searching for brokers that are looking to take their business to the next level,” he said.
“We want to be able to replicate the strong success seen in recent years and build a sustainable business for our members going forward.”
[Related: AFG posts another record-breaking month]
