The Top 25 Brokerages ranking, partnered by NAB, has been revealed in the February 2023 edition of The Adviser magazine — Australia’s top publication for mortgage and finance brokers.
Simplicity has been named for the 4th year in a row to the Top 25 Brokerages – breaching the $1BN per annum for the first time.
General Manager Ryan Nelson – “Its pleasing to see each year our staff make a greater contribution to overall performance of the business, we look forward to making the top 10 in 2024”
Now in its 14th consecutive year, the Top 25 Brokerages ranking shines a light on high-performing brokerages that have consistently delighted customers, grown their mortgage books, and improved efficiencies. The final ranking is determined by scores in six key metrics across the 2021–22 financial year (FY22):
- Number of loans settled in FY22
- Value of loans settled in FY22
- Overall loan book size
- Average annual loan book growth (overall loan book size divided by years in business)
- Total number of brokers
- Broker efficiency (volume of loans divided by the number of active brokers)
These six scores are then added to give a final overall score. The lower the score, the better the ranking. This year, several new records were set in the ranking. The top 25 brokerages in Australia wrote the largest volume of loans ever recorded in the ranking’s 14-year history, at just over $96 billion, and the largest number of loans (193,254).