SA Home Loans
 |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | February 1999 |
| Headquarters | uMhlanga, eThekwini Metropolitan Municipality, KwaZulu-Natal, South Africa |
Key people | Rob Kelso CEO |
| Products | Mortgages, Credit Life Insurance, Home-owners Insurance, Personal Loans |
| Website | Homepage |
SA Home Loans is a mortgage finance company and mortgage insurance provider[1] in South Africa. It was founded in February 1999 and is headquartered in uMhlanga, South Africa near the city of Durban.[2] Its services cover origination and credit approval through to registration and ongoing loan servicing.[3][citation needed]
SA Home Loans is an independent, non-bank home loans provider that has played a pioneering role in creating a more diverse financial infrastructure in South Africa (SA).[citation needed]
From a modest start-up operation opening for business in 1999, SA Home Loans (Pty) Ltd (SAHL) has flourished in the midst of powerfully entrenched competition and global financial turmoil.[citation needed] It has become SA’s 5th largest – and largest non-bank – home loan provider. After more than 20 years it is solidly established with a strong and recognisable local brand, servicing a sizable mortgage portfolio – having originated in excess of R140 billion (approx. US$10 billion) and enabled home ownership to more than 300,000 clients since inception.[citation needed]
As a non-bank home loan provider, SAHL pioneered new techniques for raising funding from the South African markets to fund its loan portfolios (securitisation).[citation needed]
As a specialist home loan provider, its operations cover the full spectrum of home financing: from its own sales force for origination, in-house credit structures, through to ongoing client and loan servicing and related insurance products.[citation needed]
References
[edit]- ^ SA Reserve bank example of SA Home Loans as a Finance Company
- ^ "SA Home Loans raises over R5bn in 2012 via securitisation market". Standard Bank. Retrieved 5 November 2013.
- ^ "SA Home Loans". SA Home loans. Retrieved 5 November 2013.