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Mortgage Choice breaks $10bn home loan barrier.(Brief Article)(Statistical Data Included)

AUSTRALIA'S LARGEST independent mortgage broker has broken the $10 billion home loan barrier in home loan submissions.

The rapid upward curve of Mortgage Choice's business growth has taken its submission volumes from around $1.4 billion for financial year 1997/98 to 82.5 billion for 1998/99 and reaching almost $4.2 billion for 1999/2000.

Mortgage Choice, which began operations eight years ago, this month saw the approval of its 50,000th loan.

The group's spectacular growth has seen the volume of approvals via its lending panel accelerate enormousl

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