WAYNE ORMOND: REFUND HOME LOANS
Written on the 12 January 2011
WAYNE Ormond’s vision to offer up to 50 per cent commission refunds on home loans has turned into a national franchise in just six years. He won’t stop there. A year ago he applied his business model to the financial planning industry, but in March 2011 Refund Home Loans’ scope will move further – into real estate itself. Ormond tells Brisbane Business News why doubled revenue in FY11 is a ‘conservative estimate’.
Residential property has taken a valuation hit this year but Refund Home Loans has thrived on its business model that undercuts brokers through low-cost practices.
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