Powered by MOMENTUM MEDIA
subscribe to our newsletter
Brokers help drive record originations for Pepper

Brokers help drive record originations for Pepper

The non-bank lender has managed to grow its Australian mortgage originations by 36 per cent to $2.5 billion with the help of more than 2,600 brokers.

In a trading update this week, Pepper provided an overview of its global lending and loan servicing operations, including strong growth in Australian mortgages.

The group noted that its Australian residential loan portfolio remains “well balanced” regardless of market trends – over 72 per cent of the portfolio is owner-occupied, with an average loan-to-value ratio of 71 per cent.

Advertisement
Advertisement

Pepper’s third-party footprint has grown substantially in recent years. Brokers using Pepper have grown from 600 in 2012 to over 2,630 in 2016. One of the non-bank lender’s strategic initiatives is its continued focus on diversified distribution via brokers, direct channel and white-label partners including B2C digital marketplace platforms.

Pepper Group CEO Michael Culhane said the global executive team have spent a lot of time discussing how best to execute its strategy with an eye to current market conditions.

“With this backdrop, particularly with respect to lending, we are looking to deploy a strategy of measured growth to ensure that we are retaining the best possible borrowers which in turn leads to high quality lending portfolios,” Mr Culhane said.

“Pepper’s role as managers of your capital is to make sure we build a sustainable and high quality balance sheet which in turn generates strong and consistent returns over an extended period.”

[Related: On the Record: Mario Rehayem, Pepper Money]

Brokers help drive record originations for Pepper
mortgagebusiness
  • 23
    Days
  • :
  • 07
    Hours
  • :
  • 54
    Minutes
  • :
  • 01
    Seconds

EARLY BIRD CLOSING SOON
Have you secured yours?

Latest News

Stagnant housing market activity is expected to prolong the stay of borrowers in arrears, with the forecast fall in home values to be among...

The non-bank sector is expected to “lead the way” in 2019, after issuing more than 60 per cent of new home loans in 2018, according to S...

The volume and value of new residential buildings fell in the September quarter 2018, reflecting the “softening” housing market the HIA ...

FROM THE WEB
podcast

LATEST PODCAST: How a softening property market will impact the mortgage sector

Is enough being done to ensure responsible lending?