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Connective Home Loans (CHL) has reported a 27 per cent increase in settlements totalling $4.9 billion for the 2024 calendar year with total applications for Connective Home Loans rising 19 per cent from the previous year, reaching $7.4 billion.
Additionally, a record 59 per cent of Connective brokers used Connective Home Loans in 2024, driven by a broad lending portfolio, a dedicated team of experts, and fast turnaround times. This represented a 7 per cent increase from 2023.
Michael Goerner, head of Connective Home Loans, said the continued growth in 2024 was a result of expanding the breadth and quality of offerings within the portfolio to meet changing broker and client needs.
“Last year, a big focus for us was ensuring brokers had the right support to better serve their clients and create opportunities for them to grow their business, especially in a challenging market,” Goerner said.
“With nearly 60 per cent of loan deals falling into non-traditional loan types, such as near prime and specialist loans, brokers need access to flexible solutions beyond traditional lending.
“Connective Home Loans is giving brokers just that – solutions that fit almost every customer type efficiently and confidently, and in any situation. We continue to evolve our offering, with products like private lending from Connective Advance and Connective Bridge introduced in response to growing demand for bridging loans.”
Connective Home Loans reported its highest quarter for applications between October and December, with $2.07 billion lodged, reflecting heightened demand and broker confidence in the portfolio, while settlements peaked in the July to September quarter, reaching $1.35 billion.
“We’ve consistently seen Q3 as our strongest settlement quarter, showing how brokers are leveraging CHL’s fast turnaround times and broad lending range to convert applications into outcomes,” Goerner said.
Connective Home Loans’ focus on product education has also contributed to stronger application quality and efficiency, with the application-to-settlement conversion rate increasing to 66 per cent.
“We’ve made sure our BDM team and brokers have the knowledge they need to support clients. This has led to higher-quality applications and better conversion rates,” Goerner said.
“Connective Home Loans has grown in response to the changing needs of brokers, and it continues to be the preferred choice among brokers.
“Our goal has been and will always be to match borrowers’ financial goals with the right loan product. Doing so means creating opportunities for brokers to be able to do that by providing brokers with the tools, knowledge, and dedicated support.”
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