News and Announcements
Mortgage House FY15 Company Update
- Published January 29, 2015 3:01PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Mortgage House Key Highlights:
- Mortgage House experienced an increase of 169% in settlement volumes year (2013) on year (2014).
- The group applied and received approval from the Australian Securities & Investments Commissions for uplift in its Australian Financial Service Licence to include Retail Financial Advice.
- The group secured approval from an Australian major bank for a new warehouse facility for residential mortgages.
- Mortgage House secured additional office premises embarking on a million dollar renovation for 2015 growth plans.
- Mortgage House was awarded with the 2014 Canstar, Non-Bank of the Year (Fixed Rate Home Loans).
- The group signs on its first mortgage brokering aggregation company, outsource financial.
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ABOUT MORTGAGE HOUSE
The privately owned Mortgage House Group has originated over AUD10 billion of residential mortgages over the 28 years since its launch as a mortgage broker to become one of Australia’s largest and most technically advanced non-bank lenders. MH is a high profile long established trademarked brand with proprietary loan origination platform (e-mms).
The Group is seeking term debt funding (initially $20 million in maturities to 5 years) to support the expansion of its proprietary funding operations:
- Term loans as part of the Group’s on balance sheet lending;
- Investment in an SPV holding loans supported by 1st registered mortgages to 80% LVR
- Investment in an SPV to fund secured loans originated in conjunction with 1st mortgage lending.
- Investment in a special purpose trust structure holding securities issued by rated RMBS and shadow rated warehouse facilities.