The Adviser’s Elite Business Writers 2016 – Ranked 6th
The Adviser’s Elite Business Writers 2016 celebrates the exceptional achievements of the mortgage industry’s standout performers. Although making the list due to their significant lending volumes, as The Adviser found out, there’s much more to being one of the industry’s elite than meets the eye.
IT’S FAIR to say that the third-party channel continues to go from strength to strength, particularly over the past year. As end of financial year results rolled in from June onwards, it became clear that many lenders are increasingly relying on brokers, crediting them with significant growth in lending volumes. Brokers’ market share is hovering between 50 and 55 per cent and one broker on this year’s list sees it reaching 63 per cent as soon as next year.
This comes as no surprise when looking at the achievements of this year’s top 50. With a total of 505 years of broking experience and industry knowledge under their belts, the top brokers wrote a staggering $5.8 billion worth of residential loans between them in the financial year to 30 June 2016, each writing an average of $115 million.
A total of 14,286 mortgages were written this past financial year by this year’s elite — so where is all the action coming from?
A closer look at how the land lies reveals that residential loans continue to dominate, accounting for almost 72 per cent of the total volume of loans written.
However, it’s clear that diversification is rapidly becoming the order of the day: other finance (including car loans, leasing and equipment finance, cash flow finance and personal loans) accounted for almost 9.3 per cent of the total volume.
Commercial loans in particular are becoming increasingly popular among brokers, accounting for 8.3 per cent of the total volume.
So what’s the secret to continuously being at the top of your game and writing large volumes? It goes without saying that it’s certainly the by-product of years of hard work, but there’s a lot more that goes into becoming one of the country’s elite.
As one broker on this year’s list highlighted, being at the top of your game is about being creative and thinking laterally when it comes to marketing your own personal brand. Another emphasised that loving what you do, and truly believing in the industry is the key to staying motivated. Others pointed to the invaluable support of a steadfast and proactive team.
George Samios from Madd Loans ranked 6th in Australia settling a staggering $231,496,048. George humbly told the adviser that he is thankful for his community supporting Madd Loans and puts all his success down to his business’s core values which including giving his clients “Celebrity Service” and “always doing the right thing”. He has grown his team of staff by 3 and continues to grow his Brisbane based company. Be sure to see what George ranks next month when we announce the top 30 brokers under 30 at the 2016 Young Broker of the Year Awards in Sydney 18th of November.