BondExcel is a national mortgage originator with branded associates in every major centre in South Africa and over 100 associates in total countrywide.

BondExcel (Pty) Ltd (BondExcel) was founded by Jack Trevena (formerly the managing director of Nedbank’s homeloans division) and his partners in 2003, and was 50% owned by The Excel Group (Pty) Ltd (TEG). In January 2005, BondExcel entered into a joint venture with Bond Choice (Proprietary) Limited. In this merger, Bond Choice acquired 50% of BondExcel and expanded its operations.

In September 2007, The Excel Group was acquired by Finbond Limited, and the acquisition opened many exciting opportunities for all the companies involved. The BondExcel acquisition brought to Finbond 75 independent business units, 180 agencies and over 800 independent mortgage brokers countrywide. The acquisition also ensured Finbond’s fourth position in the mortgage origination market with volumes in excess of R1.6bn per month (R19 billion annually) in new homeloans generated for the four major South African banks.

In total, it is estimated the Bond Choice Group, including Finbond Limited, accounts for 22% market share of South African mortgage sales.

BondExcel is therefore now owned by Bond Choice (Pty) Ltd (50%) and Finbond Limited (50% through TEG, now known as FinBond Mortgage Origination (Pty) Ltd).

BondExcel has enjoyed a long association with Finbond’s subsidiaries Dimension Home Loans and Independent Bond Originators and that association will strenghten. The Finbond acquisition of BondExcel substantially augments the services and capabilities of BondExcel and, with the continued alliance with Bond Choice, BondExcel has a platform to add significant value to the BondExcel community and all the clients it serves.

HomeServices is a unique offering providing an industry-first communications platform to FMO’s clients. Its focus is on client retention, through its delivery and management of leading edge financial services products to protect clients and their families.