Our 25 year history
Homeloans is one of Australia’s most trusted mortgage companies with a pedigree stretching back to 1985, when it was founded by Tim Holmes and Rob Salmon. Both are still directors and major stakeholders today.
Previously named International Financing and Investment (IF&I), the company originated mortgages for RESI Building Society, which later was to become The Bank of Melbourne.
In late 1993, after the Bank of Melbourne had established its own presence in WA, IF&I formed a similar alliance with Adelaide Bank. IF&I rebranded their presence and WA Home Loans was born.
WA Home Loans experienced great success and led to the company expanding Australia-wide with the development of five similar state-based brands; Homeloans VIC, Homeloans NSW, Homeloans QLD, Homeloans SA and Homeloans Canberra Pty Ltd.
In March 2001 the company was publicly listed on the Australian Stock Exchange.
From here the company continued to expand, this time through acquisition. FAI First Mortgage Pty Ltd was purchased in 2001 followed by Access Home Loans and the loan book of Eurofinance Corporation in 2002. This brought funds under management to over $4 billion.
In October of 2002, the six state-based brands merged under the one national brand of Homeloans Ltd, and our logo represents the colours of each of these state brands.
In March 2007 Homeloans acquired the business of Independent Mortgage Corporation, one of Victoria's largest independently owned mortgage lenders, and in November 2007 Homeloans acquired NSW based Auspak Financial Services. These acquisitions strengthened our retail distribution on the east coast and increased the company's funds under management to around $6 billion.
In 2007, one of Australia’s leading financial institutions, Challenger Financial Services Group, made a significant investment into Homeloans Ltd, ensuring our market position while strengthening our funding capabilities.
Today Homeloans Ltd operates in each state and we distribute loans to our customers via two sales channels: Third Party, whereby our broker partners distribute to the end customer; and Direct, whereby our mobile lenders and satellite licensees distribute the products direct to our customers.
To speak to a Homeloans consultant, please call 13 38 39, or visit a Homeloans sales office.
