MEDIA RELEASE

Wednesday, May 21
MORTGAGE BROKERS LIFT LENDING VOLUMES
41.5 PER CENT FOR THE MARCH QUARTER
Mortgage brokers continue to build their market share and achieved a 41.5 per cent
lift in loans provided across Australia to $34.1 billion during the March quarter,
compared ith $!4.1 billion in the previous corresponding quarter in !"13.
#he deliberate and managed groth of the mortgage broker industr$ has seen its
share of home loans provided in Australia double over the last 1" $ears to reach a
milestone of 5" per cent during the March quarter, according to comparator.
%&' of the Mortgage and (inance Association of Australia )M(AA*, Mr +hil ,a$lor
said -#he market share stud$ shos that the broker channel continues to gro
strongl$ on the back of the lo interest rate environment and the fact that both large
and small lenders are investing in the broker channel to lift their share of the
mortgage market.
-#he results support the vie that brokers have a higher rate of converting loan
applications to settlements than the direct lender channel, hile investors and those
looking to re.finance at historicall$ lo fi/ed rates are flocking to the broker channel0,
he added.
,o representing over 1",3"" members, the M(AA e/pects the mortgage broking
sector to continue lifting its market share and lending volumes over the rest of !"14.
-#he figures clearl$ sho that the mortgage brokers have got their message through
to borroers that the$ are the best vehicle to find a loan most appropriate to their
needs and aspirations0, he concluded.
(or (urther 1nformation %all2
+hil ,a$lor #im Allerton
M(AA %it$ +3
)"411* 554 "44 )"!* 5!67 4511 or )"41!* 715 7"7.
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