The end of November saw the mortgage broker channel record its highest ever market share!
Mortgage brokers settled 60.1% of all residential home loans during the July-September 2020 quarter.
The latest data was released by a research group Comparator, which is a Core Logic business and
commissioned by the MFAA. In comparison, the 2019 equivalent was 5.2% less and the previous market share was beaten by 0.4% which was set in March 2019.
Another notable mention goes to the value of new settlements recorded in the September 2020 quarter.
The leading aggregators settled $57.47 billion of new home loans which is the largest by dollar value that has ever been experienced.
MFAA CEO Mike Felton stated that “The result demonstrates more than ever the critical role that brokers play in supporting their customers and the economy and the impact they have made at a time when they were needed most.