Resimac prioritising ‘broker and customer experience’ in year ahead
Non-bank lender Resimac enjoyed a 14% surge in total loan settlements to $5.8 billion in 2025, thanks to a reignition of home loan originations after a period of contraction and the acquisition of Westpac’s auto portfolio.
Total home loan assets under management (AUM) ticked 4% higher to $13.4 billion, but it was the Westpac auto portfolio acquisition in February 2025 that provided the most lift.
Resimac’s asset finance segment, incorporating auto loans, increased by 127% to $2.5 billion. The Westpac auto acquisition added 100,000 customers to the books.
While these activities gave a boost to net interest income, statutory net profit after tax was virtually flat at $34.6 million due to operating costs.
These 2025 results nonetheless mark a return to form after experiencing a crushing 28% decline in settlements in 2023, driven by lower mortgage applications and reduced financing activity across the board.
“Throughout FY25 we have refocused our efforts on distribution, prioritised risk adjusted returns and continued to support the needs of our broker and customer base,” said chief executive Pete Lirantzis, who took the role this April.
“The acquisition of the Westpac auto finance and novated leasing portfolio in March 2025 marks a significant milestone, as it enhances our portfolio diversification, and provides a platform from which we can further expand into this key market segment.”
Lirantzis said Resimac’s priorities in the year ahead are “investing in the broker and customer experience, leveraging automation, enhancing our core product suite and reinforcing our security and governance foundations.
“These initiatives are designed to sharpen our competitive edge in mortgages, optimise the asset finance portfolio and position the Group for long-term, sustainable growth.”
