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Gowanbrae-based broker named in this year's Top 100 Brokers
By: Mortgage Professional Australia
"After a year of record-breaking home loan figures, in which broker market share reached a new high, it's no wonder the settlement numbers of 2021's MPA Top 100 Brokers have also smashed records," says Mortgage Professional Australia editor Rebecca Pike. "To find the Top 100 Brokers in 2021, MPA asked brokers across the industry to submit the total value of loans they had written over the last financial year. In the submission form, brokers were also asked to state the number of loans they had written so MPA could determine their average loan size."
"Brokers were also asked for their figures from the 2020 financial year to show how much their loan values had changed since then, as well as for the proportion of interest-only loans on their books, and their conversion rates. The Top 100 list was determined simply on the value of loans written between July 01, 2020, and June 30, 2021, with the highest value of loans ranking in first place."
To win a place in the Top 100 list after just five years in the industry is an incredible achievement for the founder of Jabsons Finance, Parth Shah. What makes it even more important to him is that he did not come from a finance background.
In fact, Shah was very happy in a fulltime role in a different industry, but a bad experience with a mortgage broker changed his path.
Five years later, this is the first time Shah has applied for an MPA Top 100 listing. Although he's faced challenges over the last 12 months, he says avoiding 'shiny object syndrome' and having an amazing team and family has helped him get to where he is today.
"My team are my pride. Our team leader, loan processing team, settlements and compliance team have gone above and beyond for each and every client of ours, and without them this would not be possible," Shah says.
Read the full report in issue 21.12 of Mortgage Professional Australia, out now or find out more about Shah click HERE (https://www.mpamag.com/
MPA is published by independent media company Key Media. In conjunction with the print and online publications, Key Media also produces several mortgage and finance industry events including the Australian Mortgage Awards. Find out more about Key Media's magazines, events and websites at www.keymedia.com.