Two mortgage broker groups in Queensland have sold to Firstfolio and the mortgage originator has many more in its sights.Firstfolio yesterday announced the acquisitions of north Queensland-based Premium Mortgage Group and Gold Coast-based Blue Coast loan brokers.Firstfolio have had a strategic focus from May this year to build their business by acquisition in some of Australia's economic hotspots."We have been pretty successful in Queensland, and we felt it was imperative to have some people on the ground in the booming northern Queensland mining areas, and we wanted partners that are going to grow the Firstfolio business in the local market," said Firstfolio chief executive Mark Forsyth.There is no cash involved in either deal, just scrip with performance based options, which Forsyth believes will encourage the newly purchased businesses to perform at their highest levels."I believe the market is consolidating, and some of the small to mid size brokers are really looking for somebody to parent with to help grow the business."We have a shortlist of another nine companies like this, and I hope there are another one or two deals before Christmas."We only want to do business with people who want to be part of the model, and it just so happened both deals were signed on the day."Forsyth added that if the brokers envisage a shopfront in other towns as a strategic point of importance for them to grow their business, then they will look at it.