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resimac 16 November 2021 Resimac 1H22 trading update ( unaudited ) Resimac Group Limited ( ASX : RMC ) provides the following trading update : • • Record home loan settlements for the July to October period of $ 2.5b , up 72 % on the prior comparative period . We expect 1H22 home loan settlements of c $ 3.3b . The homeloans.com.au brand campaign launched in September coinciding with the end of lockdowns . October applications were 70 % higher than the 1Q22 monthly average . The home loan portfolio increased to $ 14.5 billion at 31 October 2021 , annualised growth of 15 % . RAF settled a record $ 34m in the month of October , representing an annualised settlements run rate of c $ 400m . This rapid growth in conjunction with our investment in technology , continues to set the foundation to meet our FY24 target of $ 1 billion in asset finance settlements . Our new loan origination system successfully went live in NZ recently , with Australia to roll out in mid December . This system will drive the required scale in our origination process to facilitate the targeted $ 8b of home loan settlements in FY24 . Furthermore , our new digital core banking system will roll out in New Zealand in mid December , with the Australian go - live on track for late FY22 . Assuming financial markets remain stable for the remainder of 1H22 , we expect 1H22 normalised NPAT to be in line with or higher than 1H21 . The financial guidance in this release is unaudited . Scott McWilliam Chief Executive Officer Tel : 02 9248 0300 Jason Azzopardi Chief Financial Officer Tel : 02 9248 0300 ENDS- About Resimac Group : Resimac Group Ltd ( " Resimac Group " ) is a leading non - bank lender and multi - channel distribution business , recognised as Non - Bank of the Year by the Australian Mortgage Awards 2020. Its fully integrated business model comprises originating , servicing and funding prime , non - conforming residential mortgages and asset finance products in Australia and New Zealand . With over 250 people operating across Australia , New Zealand and the Philippines , Resimac Group has in excess of 50,000 customers with a portfolio of home loans on balance sheet of over $ 14 billion and assets under management of over $ 16 billion . Resimac Group has issued over $ 35 billion of mortgage - backed securities in domestic and global markets since 1987. It has access to a diversified funding platform with multiple warehouse lines provided by domestic and offshore banks for short term funding in addition to a global securitisation program to fund its assets longer term . resimac.com.au p 1300 764 447 e info@resimac.com.au PO Box H284 Australia Square NSW 1215 Resimac Group Ltd. ABN 55 095 034 003. Australian Credit Licence 247829