AFG appoints Keiran Evans as new General Manager Commercial

Further evidencing its push into the commercial broking market, AFG (ASX: AFG) today announced the expansion of its management team with the appointment of the well credentialed industry figure Keiran Evans to the newly created role of General Manager Commercial.

Mr Evans joins AFG from ANZ where he was most recently head of third party distribution, and in the past held numerous senior leadership roles in SME, commercial and corporate finance including the start up of their third party commercial broker channel.

The appointment is another important indicator that AFG is looking to grow the broker presence in the commercial market.

“The introduction of a GM Commercial role to AFG’s management team will further expand our capacity to focus on the growing commercial lending market,” said AFG Chief Operating Officer David Bailey.

“Working with AFG’s National Manager of Commercial Bob Whetton and National Sales Manager Leasing & Personal Loans Cristian Fedrigo, Keiran will enable AFG to expand its footprint in a market that is currently under-banked.”

Well known to the broker market, Mr Evans brings a wealth of experience and depth of understanding of the commercial lending market.

“The small to medium enterprise (SME) market is one that is growing as more business operators are recognizing the value a broker can deliver in facilitating better service and more choice to meet their individual needs,” said Mr Bailey.

“The recent introduction of the Australian-first technology platform Biz2Credit to AFG’s technology offering will help our brokers increase their penetration into the SME market.”

“Commercial lending for the banks is usually handled regionally and over time the regions have got bigger and the resourcing required to service those customers has not expanded with it.

“This is of course due to a number of factors including the financial reality of the time it takes to get to know an individual customer’s business and be able to see the opportunities.

“Keiran understands this market and we are excited to have someone of his calibre join the team,” said Mr Bailey. “He is the ideal person to head up AFG’s expansion in this growing market.”

“I am delighted to be joining AFG at a time when the company is increasing its reach into the commercial lending market,” said Mr Evans.

“The addition of Biz2Credit to AFG’s commercial lending suite is an exciting evolution for the company, its brokers and for Australian business operators looking for finance.

“The SME market is one that can struggle with access to finance, particularly in the sub $1million category. Multiple finance options are not something SME operators generally have on the table.”

“I am looking forward to working with AFG to harness this technology to help grow our broker’s footprint in the commercial market and in turn grow the greater AFG business.”

Mr Evans joins the company in early September.

Download Media Release: AFG appoints GM Commercial

Australian Finance Group Financial Results for FY2016

Australian Finance Group (ASX: AFG) reports a net profit after tax (NPAT) of $22.6 million for the 2016 financial year (FY2016), approximately 15.1% ahead of Prospectus forecast of $19.7 million and an increase of 48% compared with $15.3 million from continuing operations in FY2015. Increased profit was underpinned by increased sales of AFG branded products, increased residential and commercial settlements and improved securitisation margins.

Highlights

  • Combined residential and commercial loan book of $120.4 billion up 12.6% on prior period
  • NPAT of $22.6 million up 48% on prior period continuing operations
  • Residential settlements up 8% to $33.84 billion
  • Commercial loan book of $5.67 billion up 12.1% on prior period
  • Continued strong cash flows and balance sheet to drive and deliver the Group’s growth plans
  • Final dividend payment of 5.4 cents per share giving yield of 8.4% per share based on closing share price at 30 June 2016
  • EPS for FY2016 is 10.54 cents per share up 48% from FY2015 EPS of 7.12 cents per share calculated on profit from continuing operations and number of shares at the point of listing

AFG Managing Director Brett McKeon said the results are a testament to the Company’s focus on its broking business and earnings diversification strategy. “AFG’s network of brokers provide a vital distribution network delivering greater choice and market competition for consumers and businesses. With broker market penetration of the Australian mortgage market now at more than 52%, AFG continues to be systematically important to the Australian banking system.”

“The 2016 result was underpinned by another strong period of growth for our residential business, with settlements increasing by 8% to $33.84 billion.”

This result was supported by an exceptional year for the commercial lending business. “Our Commercial loan book grew very well during the year as more small to medium sized businesses recognized the value a commercial broker can deliver. Commercial settlements grew by 15% year on year to reach $2.76 billion, exceeding the prospectus FY2016 target of $2.45 billion. We expect this trend to continue, predominately in asset lending,” said Mr McKeon.

“Our own AFG Home Loans business also outperformed internal expectations. From a prospectus forecast of $1.30 billion in settlements of white label products, we rounded out the financial year at $1.44 billion. This was driven by the move from a soft launch to full rollout of our Edge product, and the more recent addition of the new Icon home loan. These have been well received by our broker network with the products delivering more choice, competitive pricing and excellent service to our brokers and their customers.”

Together with our broking business, a focus on earnings diversification is one of the key differentiators for AFG and one of the reasons behind the Company’s continued success.

“Our technology platform FLEX has the ability to generate additional revenue for AFG and our brokers by using the customer data held within the system. We are able to seamlessly offer building, contents, landlords, life, and income protection insurances to our brokers’ customers. This year we added the ability to offer our brokers depreciation reports for investment properties and launched a pilot vehicle financing offering to our broker network in February 2016.

“The distribution network our brokers represent is a key driver of future growth and opportunity for AFG and clearly one of choice for Australian consumers,” said Mr McKeon.

In August 2016 AFG signed off on a strategic alliance with leading international fintech company Biz2Credit Inc. The exclusive agreement will provide access to Biz2Credit’s patented analytics and financial services technology to allow small business borrowers access to a broad range of options and will deliver faster access to capital. This new platform is a first for Australia and will not only enable existing lenders to reach their target audience in the small to medium enterprise (SME) market faster, but will also open the door to more choice for consumers.

Company Outlook

In terms of current trading, Mr McKeon advised that strong growth in both residential and commercial settlements was evident on the eastern seaboard, particularly in Victoria and Queensland. The company has a residential loan book of $114.7 billion generating ongoing trail commission and AFG’s own securitized loan book has seen improved net interest margin driving solid returns across the financial year. The FY2016 Securities loan book of $1.043 billion is up from $1.020 billion at 30 June 2015.

Mr McKeon noted the company has achieved a record year in the recruitment of high performing brokers to AFG lifting broker numbers from just over 2,400 in 2015 to finish the financial year with over 2,650 active brokers working with AFG.

Over the last 12 months AFG has completed a migration of our IT systems to be hosted in the cloud. This enables us to scale far beyond current requirements and the reduction in operational and maintenance activities allow us to further invest in technology innovation.

AFG’s lender panel is also growing. “We have recently added both commercial and residential lenders to lift the number of lenders on our panel to more than 45,” said Mr McKeon. “This will continue to position AFG as a market leader by providing a greater level of choice to our brokers and their customers.

“AFG has recorded an excellent first full year as a listed company in 2016 with outperformance of prospectus forecast results and a positive outlook for the future. Strong cash flows, a growing network and powerful balance sheet provide a solid foundation for growth,” concluded Mr McKeon.

 

Download Media Release: AFG FY16 Results

How do I get media attention for my business?

Paying for advertising is one way to go about getting the word out there about your business, but there are also ways of doing it that involve your time but not your advertising dollars.  Working with your local media to get your name out there can be a great way to go if you have something of worth to offer to their audience. This may be something like activity data, trends or tips.  Have a think about what you could pitch to your local media representative, and here are some tips from us in terms of how to get your story across the line.

Simple things

Journalists change jobs all the time, especially in the print media, so make sure you are talking with the right person for the right story and check you have spelt their name correctly.  It may seem a small thing to check, but it can make a big difference when a reporter is scanning a press release or an e-mail.  Make it easy and do their job for them. Research your story pitch, back it up with other facts and experts and get savvy with graphics — size and type of files etc, and relax, it’s not as hard as you may think it is.

Make contact

It can sometimes be difficult to pry reporters out of their seats and away from their phones but meeting face-to-face is invaluable. The promise of a coffee or a drink can often help and it makes a big difference when you approach them with a story idea if the reporter has already met you.

Content, content, content

Journos are finding it harder and harder to generate their own content given the reduced resources around them in this day and age, so give them content, give them data, illustrate trends or behaviours and back it up with real people they can talk to for quotes and photo opportunities.

Media packs – what and why?

When drafting a press release, imagine most reporters don’t get past the first two paragraphs. It is the same with most newspaper stories and it is vital you outline the best information in the first few lines to capture the readers’ attention. An image or two tells a thousand words so where possible, accompany with images or a link to your Dropbox files of images for their use.  Don’t imagine they know who you are, or what you do, or imagine that the industry you’re in is their passion too — convince them that what you’re trying to say is of importance and of interest to their audience.

Speak in plain English and make it easy

If the subject matter you are trying to convey is complicated, get someone outside your sphere to proofread it and make sure it isn’t littered with industry speak. Don’t use acronyms without explaining what on earth it means. The subject might seem simple to you but it needs to be written in plain English if you ever want to get a story run. And keep it short — ideally to one page. And make it easy for them, often press releases will end up word for word in print. The more work you do for them, the more control you will have over the finished product.

Target a number of sources

When you are trying to get exposure for a story consider all the different angles and approach reporters in all those areas. Often a story will have a number of angles and will cross over from general news to more of a feature style. Most people within the media industry know each other well, and giving the same angle to everyone with the same key images will just annoy them all and they will be wary of dealing with you again. If a publication or outlet is running your story, make sure the info you give to a rival outlet is different.

Follow up leads

If your pitch doesn’t get a run call the journo and ask if there is something specific they are looking for. But be aware that decisions get made in a heartbeat in a newsroom and if a story doesn’t make it, it is often the result of something arbitrary like a busy news day or a lack of space. Don’t take it personally and just keep trying when you have something appropriate to pitch. Don’t contact them unless you have something worthy to offer.

Writing the wrongs

Reporters and journos make mistakes. If something is wrong, call the reporter but wait until you are calm to dial the number. There is no benefit for a reporter to get something wrong and you will find most of them want to know if they have made a genuine error. Always end the call by thanking them.

Realistic expectations

A good relationship with a reporter won’t protect you from bad press. It is a reporter’s job to cover all the stories not just the good news. So, if you want to play in this space, be prepared there may be an opposite angle that a competitor or lender pitches to balance the story.

Manners, manners

Flattery can get you anywhere. Everyone loves to hear they have done a good job. If you are happy with something call and tell the reporter, it will do wonders for your relationship and ongoing press. Thank people. Did someone help get you a story, did someone help you with a new business opportunity, did someone help you set up a referral partner meeting? Follow up. All it takes is a thank you card and you find yourself in the media time and time again.  Treat media and peripheral contacts the way you’d like to be treated. Treat them like a great client who has referred you.

2015/2016 VIC/TAS Member Award Winners

A year of excellent achievement was celebrated by all at the 2016 Vic/Tas Member Excellence Awards. Over 400 were in attendance at the Grand Ballroom, Sofitel on Collins, making it the biggest Vic/Tas Member Award Ceremony to date.  

2015/2016 was a busy and eventful year for our brokers and the industry,  the achievements of AFG brokers across the board has been excellent.

Our MC, Rob Carlton, led an energy filled awards ceremony, the Brownlow style Leaderboard countdown for Best Master Agent and Best Loan Writer of the year was again well received.

We look forward to raising the bar in 2017 at the Sydney AFG National Broker Conference as AFG brokers around the country go from strength to strength. Once again congratulations to all our Members on a successful year and thank you to all in attendance.

For a list of all the finalists and winners, please scroll to the end of this post.

sydney

Next year all AFG members will be invited to the AFG National Broker Conference in Sydney. It is destined to be one of the biggest broker gatherings ever held in Australia. We’re anticipating over 1,000 brokers will be in attendance.

Next year’s Masterclass and State Broker Award functions will be incorporated into this National Conference. With everyone coming together on the last night for a Grand Closing Gala Event.

The access to your peers and lenders will be unprecedented. It’s a conference that we’re thrilled to be able to offer to so many. Once registrations open we encourage you to secure your spot early as places will be limited.

Keep an eye on your inbox in the coming months for further information.

We’re looking forward to bringing all of our people together in June 2017.

Our 2016 VIC/TAS winners

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[vc_accordion_tab title=”Hall of Fame Inductee”]

Chris Bright

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[vc_accordion_tab title=”Champion Loan Writer”]

Bill Wang – Oriental Finance

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[vc_accordion_tab title=”Champion Business”]

Loan Gallery Finance

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[vc_accordion_tab title=”Best New Business”]

National Pacific Finance

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[vc_accordion_tab title=”Best Business – Sole Operator”]

Austin Qiu – Asian Pacific International Investment

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[vc_accordion_tab title=”Best Business – 1-3 Loan Writers”]

Mortgage Basics

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[vc_accordion_tab title=”Best Broker Leasing & Equipment Finance”]

Mary Nebotakis – National Loan Solutions

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[vc_accordion_tab title=”AFG Home Loans Broker of the Year “]

Alan Heenan – Biz 1 Finance

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[vc_accordion_tab title=”Best Commercial Writer”]

Daniel Zadnik – Hawthorn Finance

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[vc_accordion_tab title=”Insurance Writer Award”]

Mark Polatkesen – Mortgage Basics

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[vc_accordion_tab title=”Best Diversified Business”]

Brokerhouse

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[vc_accordion_tab title=”Residential Lender BDM of the Year “]

Mark Pascoe – ANZ

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[vc_accordion_tab title=”Commercial Lender BDM of the Year “]

Jim Ahern – ANZ

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[vc_accordion_tab title=”Rising Star Award”]

Matthew Styles – Empower Wealth

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[vc_accordion_tab title=”Top 20 Mortgage Brokers”]

Alex Sobolevsky

Austin Qiu

Bill Wang

Cameron Morgan

Caroline Ling

Daniel Zadnik

Jeremy Jing

Jim Henwood-White

Julia Wang

Kris Court

Larry Zhou

Leigh Deledio

Leon Li

Manpal Calais

Mark Polatkesen

Obu Ramaraj

Max Wang

Rita Tian

Veki Brdjanin

Vivian Wang

[/vc_accordion_tab]

[vc_accordion_tab title=”Top 20 Mortgage Broker Group”]

Asian Pacific International Investment

Bluehive

Brokerhouse

Court Financial Services

Eselect

Empower Wealth

Grita Finance

Hawthorn Finance

Inovayte

iSelect Mortgages

Link Capital Finance

Link Mortgage Services

Loan Gallery Finance

Mortgage 500

Mortgage Basics

Oriental Finance

Skysea Finance

UFinancial

UniQ Finance

V Money

[/vc_accordion_tab]

[/vc_accordions]

 

 

2015/2016 SA AFG Awards

Thank you to all those who attended the 2015/2016 SA AFG Awards.

SA Champion Loan Writer
Leon Spadavecchia – Afirm Financial

unspecified

SA Champion Business
Assured Home Loans

unspecified-1

For a list of all the finalists and winners, please scroll to the end of this post.

sydney

Next year all AFG members will be invited to the AFG National Broker Conference in Sydney. It is destined to be one of the biggest broker gatherings ever held in Australia. We’re anticipating over 1,000 brokers will be in attendance.

Next year’s Masterclass and State Broker Award functions will be incorporated into this National Conference. With everyone coming together on the last night for a Grand Closing Gala Event.

The access to your peers and lenders will be unprecedented. It’s a conference that we’re thrilled to be able to offer to so many. Once registrations open we encourage you to secure your spot early as places will be limited.

Keep an eye on your inbox in the coming months for further information.

We’re looking forward to bringing all of our people together in June 2017.

Our 2016 SA winners

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[vc_accordion_tab title=”SA Hall of Fame Inductee”]

Rob Gill – City State Finance

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[vc_accordion_tab title=”SA Champion Loan Writer”]

Leon Spadavecchia – Afirm Financial

[/vc_accordion_tab]

[vc_accordion_tab title=”SA Champion Business”]

Assured Home Loans

[/vc_accordion_tab]

[vc_accordion_tab title=”SA Best New Business”]

Bentleys Finance

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[vc_accordion_tab title=”SA Best Loan Writer – Sole Operator”]

Athena Lis

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[vc_accordion_tab title=”SA Best Business – 1-3 Loan Writers”]

Funding Options

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[vc_accordion_tab title=”SA Best Broker Leasing & Equipment Finance”]

Angelo Benedetti

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[vc_accordion_tab title=”SA AFG Home Loans Broker of the Year “]

Johnny Floridis  ”Johnny Flo”   Oracle Lending Solutions

[/vc_accordion_tab]

[vc_accordion_tab title=”SA Best Broker Commercial Business”]

Angelo Benedetti

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[vc_accordion_tab title=”SA Best Insurance Broker”]

KD Singh

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[vc_accordion_tab title=”SA Best Admin Support”]

Shauna van der Weegen – Afirm Financial

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[vc_accordion_tab title=”SA Residential Lender of the Year “]

Natalie Pavlovich – Pepper Home Loans

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[vc_accordion_tab title=”SA Commercial BDM of the Year “]

Belinda Watson – Prospa

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[vc_accordion_tab title=”SA Rising Star Award”]

Katherine Harvey – Finspire Financial

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[vc_accordion_tab title=”SA Top 10 Mortgage Brokers”]

Angelo Benedetti

Athena Lis

Cindy He

James Schulze

James Tong

Johnny Floridis

Judy Wang

Kanwaldeep Singh

Leon Spadavecchia

Peter Bieg

[/vc_accordion_tab]

[vc_accordion_tab title=”SA Top 10 Mortgage Broker Group”]

Afirm Financial

Assured Home Loans

Funding Options

J & H Finance (Australia)

K.M.S. Finance Brokers

My Finance House

Oracle Lending Solutions

Paramount Finance Group

Rise High Financial Solutions

Tong Partners

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2015/2016 NSW/ACT AFG Awards

Thank you to all those who attended today’s 2015/2016 NSW AFG Awards.

 

For a list of all the finalists and winners, please scroll to the end of this post.

 

 

sydney
Next year all AFG members will be invited to the AFG National Broker Conference in Sydney. It is destined to be one of the biggest broker gatherings ever held in Australia. We’re anticipating over 1,000 brokers will be in attendance.

Next year’s Masterclass and State Broker Award functions will be incorporated into this National Conference. With everyone coming together on the last night for a Grand Closing Gala Event.

The access to your peers and lenders will be unprecedented. It’s a conference that we’re thrilled to be able to offer to so many. Once registrations open we encourage you to secure your spot early as places will be limited.

Keep an eye on your inbox in the coming months for further information.

We’re looking forward to bringing all of our people together in June 2017.

 

Our 2016 NSW winners

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[vc_accordion_tab title=”NSW/ACT Lifetime Achievement Award”]

Clarity Home Loans

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[vc_accordion_tab title=”NSW/ACT Champion Loan Broker”]

Peter Ellis

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[vc_accordion_tab title=”NSW/ACT Champion Group”]

Shore Financial

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[vc_accordion_tab title=”NSW/ACT Best Broker Group (1-2 Loan Writers)”]

Mylo Corp

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[vc_accordion_tab title=”NSW/ACT Regional Group of the Year”]

Clarity Home Loans

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[vc_accordion_tab title=”NSW/ACT Regional Broker of the Year”]

Rachelle Eyndhoven

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[vc_accordion_tab title=”NSW/ACT Best New Group”]

Galaxy Finance and Property Group

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[vc_accordion_tab title=”NSW/ACT Best New Broker”]

Ben Hawley

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[vc_accordion_tab title=”NSW/ACT  Best Broker Leasing & Equipment Finance”]

Angelo Pillai

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[vc_accordion_tab title=”NSW/ACT AFG Home Loans Broker Group of the Year”]

Oxygen Home Loans

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[vc_accordion_tab title=”NSW/ACT AFG Home Loans Broker of the Year “]

Janine Wade

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[vc_accordion_tab title=”NSW/ACT Best Broker Personal Loans”]

Medical & Cosmetic Credit

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[vc_accordion_tab title=”NSW/ACT Best Broker Commercial Business”]

Paul Myliotis

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[vc_accordion_tab title=”NSW/ACT Best Insurance Broker”]

Nathan Aird

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[vc_accordion_tab title=”NSW/ACT Non-Major Lender of the Year “]

Macquarie Bank

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[vc_accordion_tab title=”NSW/ACT Major Lender of the Year “]

ANZ

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[vc_accordion_tab title=”NSW/ACT Lender BDM of the Year”]

Jessica Dressler

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[vc_accordion_tab title=”Mortgage Success Scholarship Winner”]

Paris Galombik

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[vc_accordion_tab title=”NSW/ACT Top 40 Mortgage Brokers”]

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[vc_column width=”1/2″]

Raymond Xue

Roger Guo

Paul Myliotis

Peter Ellis

Hye Young Kim

Rachelle Eyndhoven

Katrina Rowlands

Thomas Hawley

Alexander Nochar

Paul Miron

Nick Ni

Calvin Chen

George Fennel

Jackie Jiang

Marwan Rahme

Joel Wyld

Gino Marra

Adam McCabe

Alex Lambros

George Kanellis

John Brice

[/vc_column]

[vc_column width=”1/2″]Brett Compton

Scott Durrant

Theodore Chambers

Diana Liu

Robert Garth

Hong Liu

Hussain Mufti

Craig Betalli

Michael Khoury

Rooma Nanda

Joe Zhou

Zlatko Mircevski

Loren Hill

Aaron Upcroft

Jarrod Simpson

Ben Hawley

Betty Li

Mitchell Shad

Simon Orbell

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[/vc_accordion_tab]

[vc_accordion_tab title=”Top 20 Mortgage Broker Group”]

[vc_row]

[vc_column width=”1/2″]

Oxygen Home Loans

Shore Financial

Apple Home Loans

ACA Mortgage Solution

Smartmove Professional Mortgage Advisors

Clarity Home Loans

Mylo Corp

Century 21 Home Loans

Now Home Loan

Sphere Finance

[/vc_column]

[vc_column width=”1/2″]Mortgage Success

Strategic Property Finance

Insure Choice

My Loan Expert

Equiti Finance

Strategic Financing

Kanebridge Capital

ALLRLOANS

AGS Financial Group

Hong Liu & Co

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[/vc_row]

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Twice the industry recognition, two years in a row

broking-awards-aba

We are very proud to share with you the awards received by AFG at the recent Australian Broking Awards. AFG was awarded Technology Platform of the Year and Broker Marketing Platform of the Year.

Our investment in technology is one of our key business differentiators and one of the key reasons behind our growth in broker numbers over the past 22 years. We re-invest heavily in our technology in our platform and tools, with our total investment since inception now over $70 million. We empower our team with autonomy and a license to dream big and look as far when building business solutions. With our mantra of continued improvement and innovation, we look forward to continuing to share the benefits of our success with our members.

Seven years ago we led the charge with the creation of SMART, an unrivalled (still to this day) program designed for retention and business growth. As the program has developed and evolved over the years, the benefits it delivers have also multiplied. We are very proud of the fact that the system helps our SMART members grow at twice the rate than those not not the program. The best is yet to come with the business’ ongoing reinvestment in more intelligent campaigns and websites to take advantage of the latest analytics, client behaviours and technology.

We would like to take this opportunity to thank all of our members for your support. The success of FLEX and SMART is based on your constant feedback and we could not have done this without you. We are extremely proud to receive this recognition two years in a row and have you to thank for it.

Please keep all those great ideas and suggestions coming in.

Thanks again from all of us at AFG.

AFG announces strategic alliance to expand small business financing in Australia with FinTech provider Biz2Credit

Australian Finance Group (ASX: AFG), one of Australia’s largest providers of mortgage broking services, today announced its strategic alliance with Biz2Credit Inc. (Biz2Credit), a leading international Financial Technology (FinTech) company. The exclusive agreement will enable AFG brokers to deliver an innovative lending experience for small businesses in Australia.

AFG will leverage Biz2Credit’s patented analytics and financial services technology to process small business loan requests more efficiently. Loan applicants will enter information through a new online small business portal. The technology will enable AFG brokers to provide small business borrowers with a broader range of options and deliver faster access to capital.

Using the new online lending platform, AFG brokers will be able to provide more choices to borrowers. We think this is critical to ensure small to medium enterprises (SME)s can also prosper in the low interest rate environment, while also process funding requests in real-time. “The ability to receive assistance when and where a customer needs it is one of the key value propositions of a broker,” said AFG Chief Operating Officer David Bailey.

“The mobile-first digital application approach means an AFG broker can help their clients apply for credit from any device, laptop or smart phone at a time and a place that suits their client, including evenings and the weekend.”

“AFG is proud to be the exclusive sales partner of Biz2Credit in building a new B2B lending platform in Australia,” said Mr. Bailey. “The SME lending market in Australia has in our view been underserviced. Using Biz2Credit’s patented technology and AFG’s extensive broker network, competitive SME lending in Australia is getting the kick-start it needs to succeed.”

“The broad range of lending choices and streamlined process Biz2Credit currently delivers to SME borrowers is unparalleled in the U.S. market and it will soon be available in Australia.”

“Aligning with AFG as our exclusive distributor of Biz2Credit’s advanced financial technology will bring an innovative SME lending platform to the continent of Australia,” said Biz2Credit’s CEO and co-founder Rohit Arora. “This is a significant engagement with an active organisation operating in the Australian financial services market that understands there is an increasing need to offer digital solutions in all areas of small business lending.”

Biz2Credit, a pioneer in the FinTech space, has helped small businesses obtain more than $US1.4 billion in loans and other financial products across the United States.

The Biz2Credit platform will be rolled out to AFG brokers towards the end of the year.

ENDS —

About AFG

AFG is Australia’s largest mortgage broking group. Established in 1994, the company now provides more than 16% of mortgage brokers nationwide with access to Australia’s leading lending institutions, and has a mortgage book in excess of $A110 billion. The company’s ongoing growth since its inception has been the result of deliberate strategies to build AFG on sustainable market leading principles, to recruit and retain the best people in the industry and to reinvest in cutting-edge technology systems and training.

About Biz2Credit

Founded in 2007, Biz2Credit has arranged more than U.S.$1.4 billion in small business funding throughout the U.S. and is widely recognized as the #1 online credit resource for small business loans, lines of credit, equipment loans, working capital and other funding options in the U.S. Using its advanced proprietary technology, Biz2Credit matches SMEs in need of capital to lenders and other funding providers based on each company’s unique profile — completed in less than four minutes — in a safe, efficient, price-transparent environment. Visit www.biz2credit.com, follow on Twitter @Biz2Credit, and Facebook at www.facebook.com/biz2credit.

Download: AFG Biz2Credit Media Release