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  • Aussie Home Loans was founded on 17 February 1992. The company was unique in its approach to home loans, offering 24 hours a day service and loans far cheaper than those offered by banks. In 1994 it introduced the securitisation of home loans, allowing the company to offer loans upwards of 3% cheaper than its competitors. The company rapidly grew as consumers became aware of its products and banks were forced to copy Symond's methods as their market share rapidly diminished. The company under Symond's guidance re-invented itself as a mortgage broker in 2002, selling both its own products as well as the banks and also successfully introduced its own low rate credit card shortly thereafter. As of 2007, Aussie Home Loans had a loans portfolio of more than AUD$20 billion. Recently John repositioned himself as Chairman of the group with his nephew, James Symond (who has been with the company since its inception) its Managing Director. Aussie Home Loans has approximately 550 - 1000 employees.
  • Aussie is an Australian retail financial services group with operations spanning all mainland capital cities and major regional centres throughout Australia. The Commonwealth Bank is an 80 per cent shareholder in Aussie. As of April 2012, Aussie reported a loan book under management of over A$42 Billion through 750 brokers and 150 stores. On 18 December 2012 CBA increased its share of ownership to 80%. Wikipedia

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