St George seeks contract mortgage sales force

St George Bank seems to be adopting some sort of internal franchise model to market home loans in Queensland, comparable to that used by ANZ Bank and Commonwealth Bank in many areas. Under this model, mortgage sales staff work a defined territory as an independent business. These contractors may only promote the loans of the bank they represent. The bank aims to have the licencees trading by September. According to the Courier Mail, St George plans to extend the network nationally.