Broker channel continuing to break records.

The Mortgage and Finance Association of Australia (MFAA) has released the latest Industry Intelligence Service Report (IIS) 13th edition providing insight into a period of strong activity in the home loan market.

The report, which draws on data supplied by 11 of the industry’s leading aggregator brands, provides broker and industry performance and demographic data for the six-month period of 1 April 2021 to 30 September 2021.

Throughout the period mortgage brokers were key players in the majority of home loans and in the September 2021 quarter, mortgage brokers facilitated more than two in three of all new residential mortgages, recording the highest ever market share across any quarter at 66.9%.

“The April to September 2021 period was, like much of the past two years, marked by significant disruption with lockdowns in many states, particularly the eastern states,” said MFAA CEO Mike Felton.

“Brokers have continued to show that they are here to support customers seamlessly throughout these periods of disruption and changes in business practices. This research shows consumers recognise, and appreciate, this continuity of service.

Click here to read the rest of the report