PSIS starts using more brokers to sell its home loans
Wednesday 3 March 2004
PSIS has signed up mortgage broking aggregator Allied Mortgage Brokers (AMBL) to sell its home loan products through its member brokers.
By The LandlordThis follows just over a year of a trial program in the Wellington region using only two groups of brokers, Approved Mortgage Brokers and Property Pack.
PSIS chief executive Girol Karacaoglu says his company will also continue selling through its trial partners, but that it isn’t ready to sign up with other broker organisations yet.
"We’re gradually expanding the network. In our case, the issue is the capacity to use a wider network without disappointing the brokers as well as the ultimate customers," he says.
"One of the key differentiating factors we have is approving or declining a particular application within a couple of hours. The issue with us is whether we can maintain that service while expanding," Karacaoglu says.
Read More - Opens in a new window
Commenting is closed
Uncertainty continues to cast its shadow over the housing market but economist Tony Alexander has put together a list of reasons which offset the negatives and mean the market remains well-supported.
Global ratings agency Standards & Poors is the latest to join the chorus of predictions around potential house price falls in New Zealand – and they’re picking a 10% drop.
Auckland ’s long-term future is sound as well situated residential developments will always sell and demand for affordable housing remains strong, a leading non-bank property financier says.
New mortgage borrowing rose by roughly $1.6 billion in May as the property market showed signs of recovery from the Covid-19 lockdown.