The latest results from YBR, in their 2015 annual report shows a 42% increase in loan settlements over the year to June. They grew their loan book to more than $30 billion or about 4% of Australia’s total home loan settlements. The mortgage and wealth franchise business includes Vow Financial and Resi Mortgage Corporation.
Yellow Brick Road’s own branded product, Empower, showed a 42% rise in settlements in the six months to June to $2 billion in loans over the 2015 financial year, whilst Vow Financial increased its annual settlements 46% to $10.38 billion and Vow Financial grew its advisor base by 29.7% and its broker agreements by 25.1%.
YBR has been expanding their franchise network which is now 255 branches across the country, the increase thanks partly to the addition of Resi’s 19 branches. Vow now has 891 independent mortgage and finance brokers as members of its network.
