In 1996 there were only 382 mortgage brokers in Australia and not even the major banks could have imagined the number of loans being written outside their traditional avenues was swiftly on its way to 44% of market share where it currently sits today. The banks have been completely blown away with how well consumers have embraced mortgage brokers and their unique value proposition in the market and they have been systematically plotting the downfall of mortgage broker ever since...read more about it from our Banks Boots and All if you haven't already seen it.
