Directory
#1 franchise Overall on topfranchise.com.au
Area: Financial Services
Business Established: 1999
Units/Locations: 200+
Initial Investment: $12,000-$25,000
Agreement Terms: Five years plus five year renewals.
Training: One week induction course, business coaching and ongoing professional development, 12 month accredited mentor program, regular regional meetings, quarterly state meetings, plus annual national conference.
Marketing Support: $150 per month after initial 12 months. This fee is matched by franchisor.
FCA Member: Yes
Awards: Top Franchise - #1 Franchise 2009; AMA Mortgage Broker - Franchise Operation of the Year 2009; MFAA Mortgage Broker Group of the Year 2007; AMA Mortgage Broker - Franchise Operation of the Year 2006.
Multi-Unit Ownership Allowed: Yes
Average Set up time: Four weeks.
How many products or services: In excess of three hundred loan products and five insurance products.
Ratio of Support staff per franchisee: One staff member for every six franchisees.
Business Model:
Personal Mortgage Advisers, 85% of Smartline's clients are generated via referral. Average client satisfaction rating is now 9.6 out of 10 (Through Smartline's internal client satisfaction surveys)
Main Costs:
Rent (if not working from home)
Transportation
Communication
Transportation
Communication
Main products or services:
Residential mortgages
Commercial mortgages
General insurances
Vehicle & Equipment Finance
Commercial mortgages
General insurances
Vehicle & Equipment Finance
Last Surveyed: 13th July 2009
Participation Rate: 63%
Survey Results
Description
DescriptionSmartline is a multi award winning mortgage broking advisory business. Our client care program matches the needs of a client with the best available lending products provided by a panel of +23 Banks, Building Societies and Credit Unions. These lenders pay Smartline brokers both an upfront commission and a trialing commission for the introduction of new borrowers. The trailing commission provides a passive income stream and becomes a substantial business asset as the base of clients grows.
View more financial franchise opportunities.Future Plans
The mortgage broking industry is currently undergoing a lender driven change towards quality loan submissions. Until recently the industry has been largely driven by "bums on seats" or quantity (at any cost). We have always believed that this position was unsustainable and have focused on building a team of highly trained, highly respected and productive mortgage brokers. Smartline is currently viewed by our lending panel as an industry leader and our single minded approach to quality is paying off. Smartline aims to expand to 300 quality franchise owners (from +200) by the end of 2012. If you believe you have the talent to enter mortgage broking, we would like to hear from you.
