MORTGAGE ORIGINATION
The Mortgage Origination Industry has matured in South Africa since its inception in the late 90’s and today accounts for close to 70 % of all home loans that are placed with the major Banks in SA. Following in the footsteps of the Australian and UK markets, the Industry has come to be respected by the Banks as an intermediary arranging finance for a prospective home buyer with a financial institution.

The originator is the link between the client and various Banks, providing the home purchaser with professional advice in terms of pricing (interest rate) and the various products available from the mortgage lenders.

DIMENSION HOME LOAN GROUP (DHL)
Established in 1999 by former CEO Tom Gillham who now runs Dimension Financial Services Group and Home Loan On Line.DHL recently merged with Independent Bond Originators (IBO) and Bond Excel to form Finbond Mortgage Origination (FMO).
He is an ex banker with over with over 30 years experience, which includes the Professional Market, the merging of Perm and Nedbank Schemes Divisions, Asset Finance and Home Loans.
Tom sought to create a unique system which would add value to financial institutions and the consumer and together with Comcorp established the CPC concept with a totally paperless environment. The CPC’S control the quality of submissions to the lenders and ensure daily follow-up and feedback to the sources of home loan applications. This has enhanced the relationships between DHL and the mortgage lenders.

Today DHL has a national footprint with a regional and branch network including:
• Gauteng - Pretoria, Centurion, Randburg
• Northern Province

In addition to its own network of branches DHL has a strong network of associates and franchisees that operate throughout SA under the Dimension brand. These include:
Express Dimension
Fraser’s Dimension
Merlin Dimension
Dimension Middelburg
Dimension Limpopo
Dimension West Coast (Cape)
Dimension East Gauteng
Dimension West Gauteng
Dimension Elite
Dimension Cape

A further 25 Independent Contractors trading under their own unique brand aggregate home loans through DHL Group.

BANK AND MORTGAGE LENDER RELATIONSHIPS
DHL enjoys sound business relationships with a number of financial institutions, ensuring the most suitable match between the home buyer and lender. The philosophy being “right product at right price”.

Panel of mortgage lenders:
The 4 majors




• HomeBase Mortgages
• Sanlam Home Loans
• SA Home Loans
• Integer
• Sanlam Home Loans

CENTRALISED PROCESSING CENTRE
All bond applications are forwarded to the banks via the CPC. The bond applications are captured on the system and sent electronically to the banks. The system is completely electronic and paperless. This technology increases our efficiency in processing applications. It allows for daily electronic reporting on all applications.

Dimension has positioned itself as an Industry leader in processing with its paperless and fully electronic environment. DHL recently invested in a DIGINET electronic network, backed up by ADSL.

The Banks regard the process as being state of the art. One of the critical factors is that all applications are pre-screened and only qualified applications are submitted electronically to the Banks. The Banks are also insisting on a single point of entry and communication and this further enhances the CPC concept.

SERVICES
Dimension Home Loans offers the following service to its estate agencies and partners in the property industry.

• Experienced processor
Our bonds processors all have previous bank experience which is critical to the know how and skill required in the industry

• Full Origination Sales Service
We contact the clients and provide a full sales service which includes obtaining all necessary information and documentation.

• Assessment & Quality Control of each bond application
Our processor ensures that applications are properly completed and motivated to ensure speedy results

• Central Processing Centre
- Comcorp system
- Latest technology
- Paperless environment
- Dedicated staff

• Daily written updates via email or fax

• Payment of referral commission on receipt from Banks claimed weekly.

• Streamlined & cost effective operation

• Resolution mechanism
In case of declines a mechanism is set up to deal with the reasons for the decline in the most effective manner

• Product knowledge and training

How does it benefit the consumer?
• Free independent advice
• Competitive structured home loan packages
• Quick approvals.
• Competitive mortgage assurance.

Commission to Estate Agencies
• Competitive commission structure
• Payment on receipt of vat invoice
• Fully itemized statement of account

FINBOND FINANCIAL SERVICES LTD
During 2007 DHL and its associate and IBO became wholly owned subsidiaries of Finbond Financial Services Ltd and were later joined by Bond Excel, to become the first and only mortgage origination group to be listed on the JSE.

These associates remain totally independently operated and managed under their existing structures, maintaining the entrepreneurial style so strategic to the ongoing success and sustainability of each separate MO brand.

The mortgage origination component with Finbond, with a combined monthly turnover in excess of R1 bn on average, places the group in a very strong position in the SA Mortgage Origination Industry.

DIMENSION FINANCIAL SERVICES GROUP
Please refer to the www.dimensionfs.com website for a comprehensive summary of the products and services available to our partners, customers and property industry including realtors and property developers.

It has been the vision of the DHL CEO to DFSG CEO to create a fully comprehensive ONE STOP financial services business and to this end the following products are available to our associates, partners and clients:
• Bridging Finance in association with London Bridge
• Commercial Property Finance through Finbond Commercial Property – includes commercial and retail, residential (mother) bonds.
• Mortgage Protection through Bondability
• HOC direct through Banks.
• Asset and vehicle finance in association with Dimension Asset Finance.
• Personal Loans through Direct Axis.
• Further Loans on existing properties.

The core business remains home loans.

CONCLUSION
Dimension Home Loans is a dynamic company that has experienced rapid growth and respect in this market. DHL has invested in technology to add efficiency and speed to the experience and know-how of its operators. Our complete origination service with additional value-added products and services compliments and ensures the core business of the property realtors is enhanced.

It guarantees sustainability as an associate of the Finbond listed entity.