Mortgage Choice

From Wikinvestor

Mortgage Choice is an Australian-based mortgage mortgage broking company, and one of the leading companies in Australia. Founded in 1992 by brothers Rod Higgins and Peter Higgins, the company has enjoyed continued growth.

The idea behind the nationwide broker is that its qualified and accredited loan consultants help each customer choose the most suitable property loan for their individual needs, from a wide range of mortgage products offered by an extensive lender panel.

Mortgage Choice loan consultants do not charge customers for their advice or service and franchise owners are paid the same commission regardless of the lender or loan product chosen by the customer from the company's panel. Importantly for consumers, the company does not have its own products.

Mortgage Choice has well over 400 franchises and over 650 loan consultants across Australia as at 30 June 2008, with representatives in every state and territory.

The company listed on the Australian Stock exchange in August 2004 under the code MOC. As at 30 June 2008, Mortgage Choice has a loan book worth over AU$33.27 billion.

It is a pure play distribution model with no balance sheet or funding risk, and consistently delivers strong profits and attractive yields.