Resimac Group Ltd traded at 0.94 this Tuesday February 3rd, increasing 0.01 or 0.53 percent since the previous trading session. Looking back, over the last four weeks, Resimac gained 3.59 percent. Over the last 12 months, its price fell by 7.84 percent. Looking ahead, we forecast Resimac Group Ltd to be priced at 0.93 by the end of this quarter and at 0.87 in one year, according to Trading Economics global macro models projections and analysts expectations.
Resimac Group Ltd is a non-bank lender, which is engaged in a multi-channel distribution business. Its fully integrated business model comprises originating, servicing and funding prime, non-conforming residential mortgages and asset finance products in Australia and New Zealand. It is focused on originating and servicing a loan portfolio, supported by a global funding program. It offers a full suite of lending products to consumers and commercial borrowers across its subsidiaries. These products include residential home loans, consumer finance and small and medium enterprise finance. It also offers home loans directly to consumers via its homeloans.com.au brand, with a range of smart and transparent home loan solutions that borrowers can apply for using its end-to-end online application. CustomerZone is its online loan management platform where customers can manage their home loan. It provides solutions to a range of customers, including self-employed, contractors, and customers.