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Archive for May, 2011

Mortgage Choice hits two year high 0

Posted on May 19, 2011 by Liz Rowell

Our campaign’s been running for them for almost two years now…… it seems to be doing the job!

Mortgage Choice has seen its highest value of home loan approvals since October 2009, reaching $943m in March.

In addition to hitting a high in home loan values, the company also saw its highest volume of home loans since March 2010. Mortgage Choice CEO Michael Russell said while home loan volumes have fallen across the much of the market, brokers should take advantage of lenders aggressively seeking growth. He said opportunity exists in helping clients sort through an “increasingly competitive mortgage market”.

“The present bank wars have heightened lender re-engagement; they are competing hard for our business,” Russell commented.

Russell commented that brokers should capitalise on banks’ aggressive moves for market share, in spite of a sluggish housing market.

“My message to all brokers is to get stuck in and grow your market share. Ignore what’s happening in the broader market and concentrate on the opportunities available with consumers who understand the value of a mortgage broker’s service proposition and who genuinely need our help to get a better deal,” he said.


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