Firstmac is Australia’s leading online mortgage originator and one of the country’s largest nonbank prime mortgage lenders. Firstmac originates and services prime residential mortgages in Australia. It has written more than 100,000 mortgages in the past 25 years.

Firstmac has a long history of participation in the mortgage industry, having originally commenced as a mortgage-originator manager of bank balance-sheet funded loans before establishing its own securitised home-loan funding programme.

The company’s distribution model has evolved from 100 per cent third party to now being predominantly retail through its online platform, www.loans.com.au. Firstmac has also diversified its business to include auto and equipment financing, and managed-funds investments.

The company originates only prime loans and uses its best-in-class credit practices and risk-management framework to ensure the quality of its portfolio. Less than 0.5 per cent of the Firstmac loan portfolio is at 30-plus days in arrears and 90 per cent of its loans have LVRs of less than 80 per cent.

Firstmac is a privately owned company headquartered in Brisbane with offices in Sydney, Melbourne and Manila.

Firstmac’s policy is to ensure a minimum of two-thirds of its loan portfolio is funded by way of term match-funded RMBS, with the remainder funded through short-term warehouse facilities.

Firstmac has been a regular issuer of RMBS in the Australian domestic and offshore markets having undertaken 47 publicly and privately rated transactions since 2003. Total issuance amounts to approximately A$28 billion, of which 8% is denominated in foreign currencies.

James Austin
Chief Financial Officer
+61 7 3017 8883
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Paul Eagar
Director Securitisation
+61 2 8579 8403
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www.firstmac.com.au/investors