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Mortgage manager hits billion-dollar milestone

Mortgage manager hits billion-dollar milestone

An Australian mortgage manager has achieved a record-high level of loan volumes as a result of its partnership with a regional bank.

Earlier this month, Mortgage House announced that it had reached $1 billion in loans under management funded by Bendigo and Adelaide Bank – an all-time high for the partnership.

Bendigo and Adelaide Bank managing director Mike Hirst presented Mortgage House CEO Ken Sayer with an award at a ceremony held in Sydney this month to celebrate the achievement of the two companies.

“It’s been a great relationship and importantly, it’s the right partnership for us both,” Mr Hirst said.

“Our companies are both highly customer focused organisations who share similar values and provide a great customer experience.

“Mortgage House is a key partner and we are committed to furthering our relationship as their principle funder through our third-party banking provider, Adelaide Bank.”

Adelaide Bank general manager Damian Percy echoed Mr Hirst’s sentiment, saying the partnership has been beneficial to all parties involved.

“We have a strong relationship stretching back more than a decade and it has been a pleasure working with and watching the growth of a company that is so highly efficient and technologically sophisticated. I value Ken’s views highly and particularly value his market insights,” he said.

“There is great mutual respect and clarity to our relationship.

“Ken is a great listener and an effective leader who says what he means and we look forward to building on what is already a very strong and successful partnership.”

[Related: Bendigo and Adelaide Bank admits to mortgage distribution flaws]

Mortgage manager hits billion-dollar milestone
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