Top 10 Mortgage Aggregators Australia

Choosing the right aggregator can make or break a mortgage broker’s career in Australia. With dozens of options available, brokers often wonder which aggregator offers the best combination of lender panels, technology support, commissions, and training. To make things easier, we’ve compiled this detailed guide on the top 10 mortgage aggregators Australia has to offer. Whether you’re a new broker entering the industry or an established professional looking to switch, this article explores the biggest players, their strengths, and what sets them apart.

Table of Contents

What Is a Mortgage Aggregator?

Before diving into the top providers, it’s important to understand the role of an aggregator in Australia’s mortgage industry.

A mortgage aggregator acts as the middle layer between brokers and lenders. Instead of brokers needing to maintain direct relationships with dozens of banks and non-bank lenders, aggregators handle compliance, commission payments, technology systems, and access to lending panels.

In other words, they give brokers the scale and resources of a larger business, while still allowing them to operate independently.

Key Services Provided by Aggregators:

Commission Management – Collecting and distributing broker commissions.
Access to Lender Panels – Wide choice of banks and non-bank lenders.
Compliance Support – Ensuring brokers meet ASIC and industry regulations.
Technology Platforms – CRM, loan application software, and client management systems.
Professional Development – Training, mentoring, and industry events.

Factors to Consider When Choosing a Mortgage Aggregator

Every broker’s needs are different, but here are the most important factors to weigh before partnering with one of the top mortgage aggregators in Australia:

Culture & Networking – Is there a strong sense of community among brokers?

Lender Panel Size & Diversity – Does the aggregator provide access to both major banks and niche lenders?

Technology Stack – Is the CRM intuitive, cloud-based, and integrated with lenders?

Commission Model – How competitive are the upfront and trail commission splits?

Training & Mentorship – Does the group support new-to-industry brokers?

Compliance Support – Are audit processes streamlined and transparent?

Top 10 Mortgage Aggregators Australia

Here’s an in-depth look at the leading players shaping the Australian mortgage broking sector.

1. AFG (Australian Finance Group)

AFG is one of the largest aggregators in Australia, with thousands of brokers across the country. Known for its strong brand reputation, AFG provides a broad lender panel, innovative technology, and access to white-label loan products.

Highlights:

More than 70 lenders on panel.
AFG Home Loans (their own branded products).
Advanced technology via AFG CRM and Flex.
National support network.

AFG suits brokers who want scale, resources, and brand power behind them.

2. Loan Market

Founded by the White family (of Ray White real estate fame), Loan Market is a powerhouse aggregator offering close ties with the real estate sector.

Highlights:

Large lender panel with exclusive deals.
Powerful MyCRM software with seamless client tracking.
Training and mentorship for both new and experienced brokers.
Strong culture of collaboration among brokers.

Loan Market works particularly well for brokers aligned with real estate offices or those who value branding and client leads.

3. Connective

Connective is known for its flexible, transparent fee model and award-winning technology. Instead of a commission split, brokers pay a monthly flat fee, allowing them to retain more income.

Highlights:

60+ lenders on the panel.
Mercury Nexus platform for CRM and compliance.
Transparent flat-fee model.
Multiple streams: residential, asset finance, and commercial.

Connective appeals to entrepreneurial brokers who prefer higher control over their business finances.

4. Finsure

Finsure has rapidly grown into one of the largest mortgage aggregators in Australia, with over 2,500 brokers. Its reputation rests on strong support services and cutting-edge software.

Highlights:

Lender panel of 80+ institutions.
Infynity CRM system with real-time analytics.
Competitive commission splits.
Access to training and professional development.

Finsure is a good choice for brokers who want advanced digital tools and a large support ecosystem.

5. Vow Financial

Vow Financial is part of the Yellow Brick Road Group, giving brokers access to both traditional and alternative lending products.

Highlights:

Extensive lender network.
Competitive aggregator fees.
Strong compliance support.
Business development mentoring.

Vow is a solid option for brokers looking for growth pathways and strong corporate backing.

6. Outsource Financial

Known for its broker-first approach, Outsource Financial provides a mix of technology and personal support, making it popular with independent brokers.

Highlights:

Access to 40+ lenders.
Tailored compliance and risk management support.
Learning Academy for continuous development.
Community-focused culture.

Outsource Financial is ideal for boutique brokers who prefer close support and education.

7. Specialist Finance Group (SFG)

SFG is an independent aggregator with a reputation for flexibility and personalized service.

Highlights:

50+ lenders, including niche providers.
Strong focus on broker autonomy.
Transparent and flexible fee models.
Supportive culture for brokers at all levels.

SFG suits brokers who value independence but still want reliable technology and compliance systems.

8. Liberty Network Services

Part of Liberty Financial, this aggregator is slightly different as it provides brokers with access to Liberty’s own range of innovative lending products in addition to external lenders.

Highlights:

Proprietary products plus external lender access.
Strong focus on flexible credit solutions.
Marketing and branding support.
Training programs for new brokers.

Liberty Network Services is best for brokers targeting clients who don’t always fit standard lending criteria.

9. MoneyQuest

MoneyQuest operates both as a mortgage aggregator and a franchise system, giving brokers access to national branding and marketing support.

Highlights:

Competitive commission structure.
Franchise-style model for branding and lead generation.
Technology to streamline loan processes.
Access to professional development.

MoneyQuest suits brokers who want to build a branded local business under a national umbrella.

10. Redrock Group

Redrock Group focuses heavily on new-to-industry brokers and provides them with intensive training, mentorship, and support.

Highlights:

Tailored onboarding for new brokers.
Mentoring programs and ongoing coaching.
CRM and compliance support.
Wide lender access.

Redrock is an excellent choice for newcomers who need structured guidance entering the broking industry.

Comparison Table: Top Mortgage Aggregators in Australia

Aggregator	Lenders on Panel	Technology Platform	Key Strength
AFG	70+	AFG Flex	Scale & brand power
Loan Market	60+	MyCRM	Real estate integration
Connective	60+	Mercury Nexus	Flat-fee model
Finsure	80+	Infynity CRM	Advanced analytics
Vow Financial	50+	Proprietary system	Corporate backing
Outsource Financial	40+	Outsource CRM	Broker-first culture
Specialist Finance Group	50+	SFG CRM	Flexibility
Liberty Network Services	Liberty + others	Liberty systems	Niche lending
MoneyQuest	50+	Proprietary CRM	Franchise branding
Redrock Group	40+	Redrock CRM	Mentorship

How to Choose the Right Mortgage Aggregator (Step-by-Step)

If you’re unsure which aggregator suits your needs, here’s a step-by-step approach:

Define Your Goals – Are you looking for higher commissions, strong branding, or mentorship?
Compare Commission Models – Flat fee vs. percentage splits.
Test Technology – Request demos of the CRM system.
Check Lender Panels – Ensure they include both mainstream and specialist lenders.
Evaluate Support Services – Training, compliance, and marketing assistance.
Talk to Other Brokers – Get feedback from current members.
Run the Numbers – Calculate your potential earnings under each model.

💡 Pro tip: Before deciding, you can also use our free tool to compare loan scenarios and better understand how aggregator lender panels might impact client options.

FAQs About Mortgage Aggregators in Australia

1. What is the role of a mortgage aggregator?

A mortgage aggregator connects brokers with multiple lenders, manages commissions, provides technology, and ensures compliance with regulations.

2. How do aggregators make money?

Most aggregators either take a percentage of broker commissions (e.g., 5–15%) or charge a flat monthly fee for membership.

3. Which aggregator is best for new brokers?

Redrock Group and Loan Market are particularly strong for beginners due to their mentorship and structured onboarding programs.

4. Can I switch aggregators later?

Yes, brokers can change aggregators, but it usually requires transferring loan trails and meeting exit conditions.

5. What’s the difference between a flat-fee and commission-split model?

In a flat-fee model (e.g., Connective), you keep 100% of commissions but pay a fixed monthly fee. In a commission-split model, the aggregator takes a percentage but may provide more bundled services.

6. Do all aggregators offer the same lender panel?

No. While many include major banks, some have exclusive lenders or niche providers. Always compare lender panels before joining.

7. How do aggregators support compliance?

They provide audit tools, checklists, and regulatory updates to ensure brokers meet ASIC and MFAA/AFCA requirements.

8. What technology should I look for in an aggregator?

A good aggregator offers a CRM that integrates with lenders, tracks commissions, manages client data, and supports digital document collection.

9. Can independent brokers operate without an aggregator?

It’s possible but very difficult, as most lenders require brokers to join through an aggregator for compliance and commission management.

10. Which aggregator has the largest broker network in Australia?

AFG and Finsure are among the largest, with thousands of brokers nationwide.

Conclusion

The choice of aggregator can shape your career trajectory as a broker. The top 10 mortgage aggregators Australia offers provide diverse options from the scale of AFG and Finsure to the flat-fee model of Connective and the mentoring approach of Redrock.

Top 10 Mortgage Aggregators Australia: A Complete Guide for Brokers