The issue is they can’t get net profit per customer yet.
If you refinanced 1% of your customer base’s mortgages, you’d have 1500+ mortgages written with a substantial increase to revenue per customer. Likely hundreds of dollars per customer, even after staff/consultant commissions.
Why hasn’t the user base taken up the offers?
One roadblock I see is Australia’s puzzling brand loyalty to banks.
The issue is they can’t get net profit per customer yet. If you...
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