Firstfolio has grown its loan portfolio from $1b to $20b in just over three years but does this young heavyweight resemble the shape of things to come for the industry?
While the majority of the industry is preoccupied with legislation, Firstfolio has remained firmly focused on its aggressive growth strategy. Over the past two years, Firstfolio has acquired six businesses including mortgage managers, brokerages, equipment leasing specialists and an online mortgage brokerage to name but a few. But while the business does derive much of its income from its wholesale brokerage operation it can hardly be branded as an aggregator as this only reflects one facet of its operation.
