GEMHL outlines its 2006 results
GE Money Home Lending has said it achieved double-digit growth in its core mortgage business during 2006, with significant volume generated through new and existing products and partnerships.
The group claimed it has outperformed the general market two to one, with 37% growth in like-for-like business. It achieved 47% growth in the final quarter of the year, and said that research indicates that the specialist sector will grow by 35% by 2009.
Looking ahead, Colin Shave, chief executive, said 2007 will be another important year for the group. He added: “Our aim is to drive growth by continuing to provide our existing partners with attractive products, superior service and technology to help them meet the needs of their consumers. In addition, we intend to build upon our recent entry into the buy to let and direct to broker markets, broadening our reach and ensuring our products are available through different channels. This represents a further step towards diversifying our distribution network and offering within the marketplace.”
He continued: “In addition, our research suggests that growth of the specialist mortgage market within the direct broker channel will outstrip general growth in this market by two to one. We are keen to have a significant presence in this channel, adding to the growing partnerships we have already established within the broker and packager industry. 2007 will see us develop this further, potentially working with selected networks and mortgage club partners as the year progresses.”
http://www.mortgagesolutions-online.com
GE Money Home Lending has said it achieved double-digit growth in its core mortgage business during 2006, with significant volume generated through new and existing products and partnerships.
The group claimed it has outperformed the general market two to one, with 37% growth in like-for-like business. It achieved 47% growth in the final quarter of the year, and said that research indicates that the specialist sector will grow by 35% by 2009.
Looking ahead, Colin Shave, chief executive, said 2007 will be another important year for the group. He added: “Our aim is to drive growth by continuing to provide our existing partners with attractive products, superior service and technology to help them meet the needs of their consumers. In addition, we intend to build upon our recent entry into the buy to let and direct to broker markets, broadening our reach and ensuring our products are available through different channels. This represents a further step towards diversifying our distribution network and offering within the marketplace.”
He continued: “In addition, our research suggests that growth of the specialist mortgage market within the direct broker channel will outstrip general growth in this market by two to one. We are keen to have a significant presence in this channel, adding to the growing partnerships we have already established within the broker and packager industry. 2007 will see us develop this further, potentially working with selected networks and mortgage club partners as the year progresses.”
http://www.mortgagesolutions-online.com
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