One out of every four brokers (26) on this year’s Top 100 list operate under the John Symond-founded brand.
Australian Capital Territory New South Wales Queensland Victoria Tasmania South Australia Western Australia Northern Territory Property News Residential Industry news Mortgages
John Symond, Ross Laurenson, Katrina Rowlands, Wendy Higgins, Daniel Esposito...more, Mark Bouris, Gerald Tiffen, Glenn English, James Symond, Colin Lamb, Justin Doobov
John Symond’s Aussie mortgage brokers rise to the top as industry resurgence gathers pace among Top 100
Page 1 of 2
The resurgence of mortgage brokers after the GFC has been confirmed in the latest Mortgage Professional Australia (MPA) Top 100, which ranks the brokers that have written the highest value of loans over the past financial year.
In 2012 the combined sales of loans arranged by Australia’s Top 100 brokers was a cumulative $6.7 billion, compared with three years of sub-$6 billion sales following the GFC in 2008.
While Aussie brokers did not place in the top 10, a remarkable one out of every four brokers (26) on this year’s Top 100 list operate under the John Symond-founded brand, compared with just 15 in 2009, the year following the GFC.
This was also the second year in a row that Aussie placed more brokers in the Top 100 than other broking firm, ranking ahead of AFG, a non-branded aggregator where brokers operate under their own brand names, which had 19 brokers in the Top 100.
The Ray White-owned Loan Market Group was well represented, with six brokers in the top 100, with Daniel Esposito of Loan Market Manningham in Bulleen, Melbourne, ranking 14th overall ($86 million in loans).
Two brokers from Mark Bouris’s Yellow Brick Road ranked in the top 10 (Ross Laurenson, Yellow Brick Road, Frankston ranked 28th with $72 million in loans) while Smartmove Professional Mortgage Advisers had three brokers in the 100.
James Symond, nephew of John Symond and an executive director at Aussie, says the 2012 results "underpin Aussie’s commitment to the thorough training, development and ongoing company support to every broker who works with the Aussie brand.”
Aussie became the first branded mortgage broker to require all its brokers to obtain a diploma in financial services, with the aim of raising the professional bar.
In addition to the diploma requirement, Aussie brokers must also obtain membership of the Mortgage and Finance Association of Australia and are supported with additional training, coaching and marketing support.
The success of Aussie’s broking model is also testament to the foresight of John Symond, who shifted the business from a non-bank lender in 2002, when it offered its own home loans, to a mortgage broking model offering a range of home loans.
The top-ranking Aussie broker was Glenn English based in Carnegie, Melbourne, who managed to write 220 loans with a value of $82.6 million, ranking him 18th overall.