Brokers doing it tough

Mortgage brokers are struggling to maintain their momentum in a market dominated by big banks offering standard products, if the latest figures from Count Financial are any guide.

Count yesterday provided a March quarter update, in which it reported that loans outstanding on its loan broking platform had fallen 3.3 per cent during the financial year to date.

Loans being serviced by members of the Count network fell from $3.69 billion at June 30 last year to $3.57 billion at March 31.