Type Public limited company Area served Australia | Traded as ASX: MOC CEO John Flavell (Apr 2015–) Founded 1992 | |
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Key people Peter Ritchie AO (Chairman)John Flavell (CEO) Services Mortgage broking, Financial Planning Website www.mortgagechoice.com.au Stock price MOC (ASX) A$ 2.41 +0.13 (+5.70%)17 Mar, 4:10 PM GMT+11 - Disclaimer Founders Rodney Higgins, Peter Higgins Profiles |
Mortgage choice what does a mortgage broker do
Mortgage Choice Limited (ASX: MOC), commonly known as Mortgage Choice, is a publicly listed Australian mortgage broking firm.
Contents
- Mortgage choice what does a mortgage broker do
- Welcome to mortgage choice woolloomooloo mortgage brokers
- History
- Operations
- Financial Information
- References
Mortgage Choice is a current member of the Franchise Council of Australia as well as the Mortgage & Finance Association of Australia; and holds a credit license (number 382869) issued by the Australian Securities & Investments Commission.
Welcome to mortgage choice woolloomooloo mortgage brokers
History
The company was founded in 1992 in Sydney by Rod Higgins and Peter Higgins. After two years in operation, the company became a franchisor in 1994 by selling its first franchise license in Wollongong. That grew to a national footprint in 1996.
In 1998 Mortgage Choice launched a website and ran its first TV advertisement one year later.
In 2004, the company officially listed on the Australian Stock Exchange.
In 2008, it launched a diversified product offering, commencing with mortgage protection insurance; in 2011 that offering runs across commercial and personal loans, asset finance and risk and general insurances.
In 2009, Mortgage Choice acquired mortgage aggregator LoanKit . This re-launched in 2010 as the company’s aggregation arm.
In 2010, Mortgage Choice acquired Australian home loan and insurance comparison website HelpMeChoose.com.au; and launched its first white label product bluegum™ home loans.
Operations
In Australia, Mortgage Choice is a national mortgage broker with a customer base in excess of 350,000 and a residential home loan panel of over 28 lenders.
The franchisor’s head office is in Sydney, with state offices in Brisbane, Melbourne, Adelaide and Perth.
There are approximately 405 Mortgage Choice franchises in operation across Australia in all states and territories.
Financial Information
Financial highlights for the 12 months to 30 June 2014
IFRS highlights for the 12 months to 30 June 2014