Wizard to roll out more branches

Non-bank lender Wizard Home Loans plans to open an additional 20 branches in Victoria over the remainder of 2003. There are 41 Wizard Home Loans franchises in Victoria currently and CEO Angelo Malizis says the target for the end of 2003 is between 60 and 65. Nationally, Wizard has 161 outlets currently and plans on taking that total to 200 in the same time-frame. Wizard made the move into mortgage broking two years ago. Its mortgage broking arm Borrower's Choice originates about one-fifth of the home loans taken out by customers at Wizard outlets.