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Mortgage Business Awards Finalist

Mortgage business awards 2023 finalist

Purple Circle a finalist in three Mortgage Business Awards categories 

 

Once again, Purple Circle is turning heads — and we couldn’t be prouder. Our company has made the shortlist and been awarded finalist seals across three major categories in the 2023 Mortgage Business Awards.  

The Mortgage Business Awards recognise the top performers in Australia’s thriving mortgage industry. This comprehensive awards program highlights excellence in every quarter — from mortgage brokers, to aggregators, to lenders — and the range of innovators, tech providers and staff servicing the channel. The Awards consider excellence in operations, technology, and innovation as well as what it takes to deliver outstanding customer outcomes — areas we pride ourselves on at Purple Circle. 

 

The awards we’ve been shortlisted for are: 

Aggregator of the year finalist 2023 award

1.

Aggregator of the Year. 

Innovator of the year Aggregator award

2.

Innovator of the Year — Aggregator. 

Marketing and CRM platform of the year mortgage business award

3.

Marketing & CRM Platform of the Year – Aggregator/Major Brokerage. 

As a finalist in these areas, we’ve been recognised amongst the top performers in Australia’s booming mortgage distribution space. This is a testament to the hard work we put in for our brokers day in, day out, and goes to show we really are making an impact in the industry. 

Tune in with us for the final winner announcement.  

We know we’re up against several other excellent groups and never shy away from some healthy competition! We hope to take home the win this year in all three of our nominated areas, but recognise that even being shortlisted is a huge achievement and honour.  

The winners will be revealed at the five-star gala dinner at the Sofitel in Melbourne on Thursday, 27 April 2023. We’ll let you know how Purple Circle performs.  

Small and Medium Enterprises (SME) Guarantee Scheme


The Scheme will enhance lenders’ willingness and ability to provide credit and will be available for new loans made by participating lenders until 30 September 2020.

The Government will provide eligible lenders with a guarantee of 50% per cent of new loans. Some generic terms are:

  • Businesses with a turnover of up to $50 million.

  • Maximum total size of loans of $250,000 per borrower.

  • Loans will be up to three years, with an initial six month repayment holiday.

  • Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.

Reduced Interest Rates


Consider your current banking arrangements. The Reserve Bank has recently reduce the cash rate and lenders have passed this on to various loans they have.

Instant Asset Write Off


An increase in the instant asset write-off threshold from $30,000 to $150,000 30 June 2020.

Deferment of Loan Repayments for up to 6 Months


The banks are developing their own approach as to how to deal with requests from their clients for repayment holidays. Some are automatically granting the request, others are assessing the requests individually.