AFG loan book reaches $100bn mark

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AFG has just hit its $100bn loan book mark, with a predicted annual revenue turnover of over $500m.

Australia’s largest mortgage broker said their loan book is now 50% bigger than their nearest rival - and quite possibly the world.

Moreover, they hold 12% of the country’s home loans at the moment.

“Our mortgage platform business was a first for Australia. That same division is today one arm of a much larger financial services company with a wages bill of $23m,” said managing director Brett McKeon.

“We have a successful and growing property business with $300m of projects underway; a growing securitisation arm with over $1bn in assets that is supported by a treasury department that has issued close to $900m in Residential Mortgage Backed Securities to global markets over the past 20 months.”

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