Refund Home Loans

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Refund Home Loans

Founder and Executive Chairman Wayne Ormond launched Refund Home Loans in April 2004.[1] Refund Home Loans is an Australian mortgage broking service. It has recorded significant growth since it launched in 2004, and now has expanded into other services including Financial Planning, Finance & Leasing, Property Investment and real estate. Refund has a head office staff of more than 40 who provide support for the company’s Australia-wide network of work-from-home franchisees, all fully accredited mortgage brokers. The Refund Group now has over 350 franchisees nationally in every state and territory. Refund has access to a panel of over 30 lenders and is unaligned with a major bank. They have also received an array of industry awards since it launching to the public. In December 2004, it was raised in The House of Representatives that Westpac, Commonwealth Bank, St George and ANZ banks did not approve of Refund Home Loans sharing their commission with customers, and refused to do business with Refund.[2] This matter was taken to the ACCC.[3]

Achievements

  • Wayne Ormond, Founder and Executive Chairman of Refund Home Loans, has been highly commended in Brisbane Business News magazine's inaugural Young Entrepreneur of the Year Awards 2009 [4]
  • Refund Home Loans is listed in BRW's 2008 rankings as the fastest-growing franchise for outlet growth and fourth for greater revenue [5]
  • In 2009, Refund was number one in BRW’s Fast Franchises (by revenue) [6]
  • In 2008, 2009 and 2010, Refund was presented by Choice Aggregation Services with the National Champion Award for achieving the highest loan volumes through the company, one of the largest aggregators in Australia.[7]
  • In 2010, Refund Home Loans ranked #13 in BRW’s Flagship Fast Franchise issue by revenue and #10 by outlet [8]
  • In October 2011, placed in administration after not being able to meet its debts.

References

  1. ↑ http://www.smh.com.au/articles/2004/05/28/1085641713216.html
  2. ↑ http://parlinfo.aph.gov.au/parlInfo/genpdf/chamber/hansardr/2004-12-06/0115/hansard_frag.pdf;fileType%3Dapplication%2Fpdf
  3. ↑ http://www.aph.gov.au/hansard/reps/dailys/dr061204.pdf
  4. ↑ http://www.franchise.net.au/article/Refund-Home-Loans-founder-highly-commended/505277.aspx
  5. ↑ http://www.couriermail.com.au/business/business-owner/franchisors-slim-pickings/story-e6freqn6-1111115811724
  6. ↑ http://www.franchisebuzz.com.au/franchise-news/refund-home-loans-wayne-ormond-highly-commented-at-entrepreneur-awards/
  7. ↑ http://www.refundgroup.com.au/refund_background.html
  8. ↑ http://www.brw.com.au/lists/fast/fast_franchise_2010

External links


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