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Loan Market brokers double the industry average in lodgements

Written by LMG | Sep 16, 2024 12:59:31 AM
Loan Market’s commitment to supporting business growth enabled brokers to lodge an average of $35 million each last financial year, more than double the industry average.
 
In FY24, Loan Market's broker promises fueled network growth by attracting more loan writers and support staff, generating more qualified leads, and creating pathways for business diversification.
 
At the launch of the annual Scale Up Conference in Adelaide today, National Director of Loan Market Andrew Thompson said network members had embraced the brokerage’s offering, resulting in:
  • An average $35m each in lodgements  - more than double the industry average of $16.7m;
  • Onboarding of 172 new loan writers and 448 support staff (both in-office and through the Outsource program);
  • Marketing initiatives that generated almost 60 qualified leads per broker;
  • Almost $1bn in settlements - a 33% year-on-year increase - from referrals from real estate affiliate Ray White.

Supporting the growth in 2023-24 were diversification pathways into asset and commercial finance lending.

A new national leadership program, Elevate, also supported growth over the year.

Elevate focuses on helping strong performers break through to Platinum status, the brokerage’s highest ranking, with members assisting more than 200 clients per annum.

“The program is led by longstanding Loan Market leader Michael Karpathakis and directly aligns with the promise to Loan Market and Partner businesses to help them grow,” said Mr Thompson.

“Elevate focuses on real transformation. We look at what is at the core of each business and then help business owners develop their path to scalability and profitability.

“In its first year, Elevate has had an immediate impact with participating business owners recording a 45 per cent increase in monthly settlements in June, alone, and a 77 per cent increase in appointments booked.

“Elevate and other business building initiatives are helping our brokers achieve newfound levels of productivity and business sustainability. 

“We’ve set a solid platform for even further growth in FY25.”

Scale-Up also celebrated the achievements of business owners, brokers and support staff at the annual conference. Among the major winners at its Gala Ceremony were:

Top Brokerage

  • Green Finance Group
  • Designer Mortgages (NZ)
  • Mason Finance Group

Top Residential Broker

  • Paulette Trotter (NZ)
  • Balpreet Bal
  • Colin Mason

Top Commercial Broker

  • Daniel Green
  • Petro Trianta
  • James Kelder

Top Asset Finance Broker

  • Will Hamer
  • Alan Walker
  • Aaron Greffenius

Chairman’s Choice Award (Outstanding contribution to the Group)

  • Phil Rogers

Corby & Mills (Broker’s Choice Award)

  • Sam Arthurs