Homeloans History
Since its inception Homeloans Ltd has always been committed to providing customers with the best home loan solutions to suit their needs.
The company was originally founded by Tim Holmes and Rob Salmon in 1985. Both are still active 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. From here, IF&I developed a new brand 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 became publicly listed on the Australian Stock Exchange.
From here the company continued to expand, this time through acquisition. FAI First Mortgage Pty Limited 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.
Today Homeloans Ltd operates in each state and we distribute 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 licencees distribute the products direct to our customers