By late 2020, Peter, owner of Toowoomba Home Loans, was mentally and emotionally exhausted. After surviving the Royal Commission (as he was an adviser and broker), deciding to step away from advice (and bringing in new partners to re-build this arm of the business), and sustained years of slow but steady decline of his loan book, Peter found himself adrift. From a peak loan book of $605M in 2015, the business had slid to $485M by early 2021—and projections showed it was on track to decline even further. This was all while writing new business every year.
Much of the loan book was ageing, with a growing number of long-term clients downsizing or entering retirement. New business generation had slowed to a crawl. The team of four brokers was only writing $80M annually—primarily from refinancing existing clients - reactively. Peter himself wrote just $30M in that final year before reaching out. Internally, there was no clear strategy, no momentum, and no clear path forward.
Rebuilding A Business
Peter reached out to Success & Broker after hearing about Ruan’s reputation for rebuilding broking businesses and his own success in business. From the first engagement in late 2021, Ruan stepped in as a quasi-General Manager—not by title, but through action—bringing strategic direction, accountability, and structure that had long been missing.
Together, they tackled:
THE POINT ISN’T DOING MORE — IT’S BUILDING PEOPLE WHO CAN DO IT THEMSELVES.
Mentally I was cooked. Now, I bait the lines while they fish—they’re learning to catch on their own. That’s the point.
Loan Volume: From $80M/year at the lowest point to $155M/year. Despite losing a broker, THL is now aiming for $200M with two new recruits in place.
Loan Book: Recovered from a declining $485M to $520M, with a 12-month target of $600M. This has been achieved despite natural amortization and an ageing client base of downsizers.
Broker Productivity: Peter is on track 3x his $30M annual settlements by the end of this Financial Year
The whole prospecting piece is the game-changer Ruan instilled in me.
Now, I control the process. It would be hard for anyone to tell our business apart from our referral partners—we’re that aligned.