MFAA Excellence Awards – Finalists Announced

MFAA Awards

The Mortgage and Finance Association of Australia (MFAA) Excellence Awards are presented to members of the Association who display exceptional practice in mortgage and finance. We are very proud to announce the following AFG members present in the finalists:

RESIDENTIAL FINANCE BROKER AWARD

SA

KD Singh – Money Merchants Financial Services
Leon Spadavecchia – Afirm Financial

QLD

Ruan Burger – Time Home Loans

NSW

Joel Wyld – Peasy

REGIONAL FINANCE BROKER AWARD

NSW

Viktor Desovski – mybrokeronline.com.au

COMMERCIAL FINANCE BROKER AWARD

SA

Angelo Benedetti – Oracle Lending Solutions

VIC

Daniel Zadnik – Hawthorn Finance

YOUNG PROFESSIONAL AWARD

QLD

Brendan Turnbull – Front Row Financial Management

WA

Adam Donald – Capital Finance

NSW

Harrison Favetti – Shore Financial
Joel Wyld
– Peasy

FINANCE BROKER BUSINESS AWARD – 2-5 LOAN WRITERS

QLD

Time Home Loans

SA

Rise High Financial Solutions

FINANCE BROKER BUSINESS AWARD – 6+ LOAN WRITERS

VIC

Loan Gallery

WA

Professionals Finance

DIVERSIFIED BUSINESS AWARD

NSW

Peasy

WA

Capita Finance Solutions

SA

Rise High Financial Solutions
Afirm Financial

LOAN ADMINISTRATOR AWARD

NSW

Amanda Christmann – Peasy

QLD

Lisa Venn – Time Home Loans

SA

Melanie Byham – Rise High Financial Solutions
Shauna Van Der Weegen
– Afirm Financial

CUSTOMER SERVICE AWARD

WA

Capita Finance

SA

Money Merchants Financial Services
Rise High Financial Solutions
Loveday Financial

COMMUNITY CHAMPION AWARD

QLD

Time Home Loans
Home Loan Connexion

WA

Sterling Finance

SA

Money Merchants Financial Services
Rise High Financial Solutions

We are also very proud to announce that AFG has a finalist for every state in the Business Development Manager Award category:

BUSINESS DEVELOPMENT MANAGER AWARD

WA

Jeremy-Wealleans
Jeremy Wealleans

VIC

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Them Lam

NSW

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Leanne Evans

QLD

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Garry Downes

SA

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Debbie Ettridge

Best of luck to all the finalists and we are very excited to hear the announcements of the winners in each state.

AFG Mortgage Index March Quarter 2016 – Fixed Rates in Favour

Australian Finance Group (ASX: AFG) has today released its Mortgage Index for the first three months of 2016.

The quarter saw a greater proportion of home loan customers continue to take advantage of low rates by fixing their home loans. The start of calendar 2016 has seen lending for fixed rate products peak at 17.7% of AFG’s total volume for the quarter. By comparison, the percentage of those fixing their rates in the first quarter of the 2016 financial year was as low as 11.4%.

AFG General Manager Sales and Operations Mark Hewitt said “With sections of the money market making the call of a rate cut in the coming months there are some very attractive fixed rates available. With rates being at historical lows the downside risk of fixing is relatively small so many borrowers are choosing to lock in now.”

“Despite this month’s decision by the Reserve Bank of Australia to leave the cash rate on hold at a record low 2% there are also no guarantees lenders won’t make their own moves outside the RBA cycle. Some are talking about increased funding and regulatory costs and locking the low rates in now is a way borrowers can insulate themselves against any out of cycle increases by the banks. This quarter has also seen investor numbers on the rise again, with an increase from 31% of AFG’s total volume to 33% as lenders return to the investor market having fallen below the growth cap set by the regulator last year.”

AFG’s overall volume was up 5.7% on the same quarter in 2015, with Victoria leading the states with an increase of 15.7%, followed by SA up 11.3%, NSW up 10.5% and Qld recording a rise of 7.6%. The resources downturn has hit WA activity with that state recording a drop of 16.7% and NT dropping by 28% on the same time last year.

“In a positive message for the health of the lending market, the average LVR (loan to value ratio) of 68% is the lowest it has been for three years,” said Mr Hewitt. “This means homebuyers are continuing to borrow within their capabilities.”

Download full report: Mortgage Index March Quarter 2016

AFG (ASX: AFG) is pleased to announce the appointment of two new non-executive directors to the board

Media Release: AFG (ASX: AFG) is pleased to announce the appointment of two new non-executive directors to the board.

Ms Melanie Kiely and Ms Jane Muirsmith have been appointed as non-executive directors with the full support of the AFG Board.

Ms Kiely and Ms Muirsmith bring with them a wealth of experience from across the public and private sector. Their combined skills and insights including financial services, digital technology, marketing and strategy development will be invaluable to the board.

Ms Melanie Kiely is an experienced executive and company director with over 25 years of experience in health care, financial services and consulting in Australia, Europe and South Africa.

Ms Kiely has held a number of board positions in the financial services and health sectors, has an Honours Degree in Business Science from the University of Cape Town and is a Graduate of the Institute of Company Directors.

Ms Muirsmith is a highly accomplished digital and marketing executive, who has held leadership roles with some of the world’s leading brands in Australia and abroad. Her unique blend of marketing and technology skills, together with her finance background has been the cornerstone for an esteemed career.

Ms Muirsmith is a Non-Executive Director of Healthdirect Australia, a Fellow of Chartered Accountants, Australia and New Zealand, Vice Chair of the WA Business Advisory Committee and a member of the UWA Ambassadorial Council.

AFG Chairman Tony Gill welcomed the new appointees to the board. “AFG is fortunate to be able to gain access to the extensive experience of our new board members. The appointment of Jane and Melanie brings diversity of thought and internationally informed experience to the AFG board. Both are well placed to guide and support our talented executive team and they will bring valuable strategic insights to the AFG board.

“The board looks forward to their contribution to the future of the company.”

Download: AFG Media Release – Non-Exec Directors appointment