The prospects for mortgage brokers in 2013 are probably the most promising since the Global Financial Crisis, Vow Financial CEO Tim Brown today told the aggregator’s third national conference being held in Phuket, Thailand.
“At Vow, certainly, we are looking forward to 2013, when we see the business entering a growth phase after consolidating in the past financial year. “We have a lot of initiatives in the pipeline, including the recruitment of new broker groups, the appointment of a new Queensland State Manager, a new real estate alliance, and we are piloting a new lead generation system. “The list does not stop there. Vow is launching a new commission system, we will continue to improve its systems and processes, we will re-Launch Elders Home Loans and The Mortgage Professionals brands and grasp any other commercial opportunities as they arise, such as the emerging self managed super fund market, which Vow sees as an enormous business opportunity for its brokers.” Although Brown struck an optimistic note at the conference, he cautioned the delegates that there were still economic problems that needed to be solved. “In particular, I expect Europe to stay in recession, and there is still potential for Greece to still leave the Euro. That said, we are seeing Great Britain’s private sector creating jobs, the US is showing signs of recovery, and China’s growth, while slowing, will still be around 7-8%. “On the domestic front, the interest rates outlook is further rate cuts, the property market is showing all the signs of having
a sustained recovery, and while unemployment is expected to grow, I still expect it to remain under 6%.”
About Vow Financial Vow Financial represents more than 600 brokers across Australia and has loans under management of about $16.5 billion. For all media queries please contact: Matt Mitchener Vow Financial 0431 749 685 Or Nicholas Way Shed Media firstname.lastname@example.org