Aussie reports record mortgage settlements
Several very busy months, during which its brokers wrote more than A$1.3 billion in loans, have seen Aussie post record home loan settlements for the 2014 financial year, growing 18 per cent to A$17 billion.Aussie, which is 80 per cent owned by the Commonwealth Bank of Australia, benefited during the year from strong lending growth in all states and territories. The Aussie portfolio, which includes its mortgage aggregator nMB, grew seven per cent to $60.5 billion.Aussie's retail network expanded by almost 17 per cent to 451 loan writers, while the number of franchise stores increased by ten to 160. Store productivity also improved by 15 per cent, which the company said was a consequence of "extensive and continued investment" in the training and development of its brokers. The number of Aussie mobile increased 14 per cent to 438 country-wide.Over the year, Aussie also improved its technology support to brokers through its customer relationship management system, and launched new Mortgage Protection and home and contents insurance as well as a free MFAA accredited mentoring program. Lead generation also continues to rise, with a 5.4 per cent increase on last year to over 145,000 leads.