Franchised mortgage network Refund Home Loans has just appointed its 300th franchisee. Founder and executive chairman, Wayne Ormond, said the growing number of applications received by the company for franchisees was a reflection of its acceptance in the market.

“Three hundred franchisees represents an increase of 163 percent over the 114 two years prior and the numbers will continue to grow as an increasing number of customers understand the advantages of dealing with a mortgage broker who shares his commission with his customers which represents a real stand out in today’s market,” he said.

The business model is based on a cash refund for every loan taken out with the company and marketing only through the national network of work-from-home franchisees.

Ormond insists that the company will continue its strategy of adding professional and qualified synergistic services alongside its mortgage broking service in order to provide further and related benefits to homebuyers.

In 2008 Property and General Insurance were added and in August 2009 Ormond announced an alliance with the largest financial planning group in Australia, Professional Investment Services (PIS), under which Refund Finance Advisory Service adds PIS’s financial planning products to their existing home mortgage products in marketing to their customers.

“We have come a long way in a little over five years in what is a very competitive market and we do not intend to relax our efforts in the next five years,” said Wayne Ormond

Refund was listed at number 27 in BRW magazine’s 2009 Fast 100,survey, its third listing in the survey in successive years.