Wayne Ormond (businessman)

Last updated

Wayne Ormond
Wayne ormond web.jpg
Born (1973-07-15) 15 July 1973 (age 50)
Brisbane
NationalityAustralian
OccupationChief Executive Officer House Call Doctor Pty Ltd
Years active2004-2024
Known forFounder and former Executive Chairman Refund Home Loans

Wayne Ormond (born 15 July 1973[ citation needed ]) is an Australian entrepreneur and businessman. He is the CEO of House Call Doctor, an after-hours doctor service. He previously founded Refund Home Loans, a mortgage broking service.

Contents

Early life

Ormond grew up on his family's cattle property in Far North Queensland. [1] After finishing high school, Ormond worked with local businesses.

At age 21, Ormond moved to Brisbane to begin a career in property sales. For the next seven years he worked with two major property companies, becoming the group managing director for four Raine & Horne real estate franchises. Ormond then worked at Suncorp Metway in Brisbane.[ citation needed ]

Refund Home Loans

Ormond established Refund Home Loans in 2004. [2] Refund Home Loans was an Australian mortgage broking service. It conducted its business through the company's mobile Franchisees and provided its customers with a share of the mortgage broker's commission. Ormond expanded into other services, including Refund Financial Planning, Refund Real Estate, Refund Property Investment and Refund Finance & Leasing.[ citation needed ]

In 2009 and 2010, Ormond's companies and Ormond himself were mentioned in Australia's Business Review Weekly magazine including Fast Franchise, [3] Fast Starters [4] and the Young Rich List which features the top 100 wealthiest under 40s; in 2009 Ormond was listed at number 74. [5] In 2009, Ormond was listed as Queensland's richest bachelor. [1] Ormond appeared on SBS's Insight program when the topic of discussion was intelligence. [6] [7]

In October 2009, the Australian Competition & Consumer Commission ("ACCC") commenced proceedings against Refund Home Loans and Ormond over accusations they breached the Trade Practices Act 1974. [8]

In 2010, Refund Home Loans and Wayne Ormond admitted to making false and misleading statements about a non-existent agreement with the ACCC [9] and the court ordered injunctions restraining such misrepresentations in future, issuing of corrective statements and a mandatory implementation of a compliance program including specific training for Mr. Ormond.

In October 2011 the company went into voluntary administration, and was acquired the following year by Homeloans. [10] The shell of the former company was placed into liquidation a month later with debts of over AUS$20 million according to the liquidator. [11]

Related Research Articles

<span class="mw-page-title-main">TPG (Internet service provider)</span> Australian internet service provider

TPG is an Australian internet service provider that specialises in consumer and business internet services as well as mobile telephone services. As of August 2015, TPG is the second largest internet service provider in Australia and is the largest mobile virtual network operator. As such, it has over 671,000 ADSL2+ subscribers, 358,000 landline subscribers and 360,000 mobile subscribers, and owns the second largest ADSL2+ network in Australia, consisting of 391 ADSL2+ DSLAMs. It also operates in New Zealand.

<span class="mw-page-title-main">Bank of Queensland</span> Australian financial institution

The Bank of Queensland (BOQ), formerly known as the Brisbane Permanent Benefit Building and Investment Society (BPBBIS) between 1874–1970, is an Australian retail bank with headquarters in Brisbane, Queensland. The bank is one of the oldest financial institutions in Queensland, having begun as a building society. It now has 111 owner-managed branches throughout Australia, including thirty-six corporate branches and third-party intermediaries. They also have over 2,300 ATMs.

<span class="mw-page-title-main">Video Ezy</span> Defunct Australian home video rental business

Video Ezy was an Australian home video rental business that offered titles on VHS, DVD, Blu-ray and Ultra HD Blu-ray, as well as console video games, for rent. At its peak in the mid-2000s, Video Ezy had over 500 company-owned and franchised video rental shops in the country, and owned 40% of the Australian video rental market after taking over Blockbuster's Australian operations. The company also expanded internationally into New Zealand and Asia.

<span class="mw-page-title-main">False advertising</span> Misleading content in advertisements

False advertising is the act of publishing, transmitting, or otherwise publicly circulating an advertisement containing a false claim, or statement, made intentionally to promote the sale of property, goods, or services. A false advertisement can be classified as deceptive if the advertiser deliberately misleads the consumer, rather than making an unintentional mistake. A number of governments use regulations to limit false advertising.

<span class="mw-page-title-main">ANZ (bank)</span> Australian multinational bank

The Australia and New Zealand Banking Group Limited (ANZ) is a multinational banking and financial services company headquartered in Melbourne, Victoria, Australia. It is Australia's second-largest bank by assets and fourth-largest bank by market capitalisation.

A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular. In many developed mortgage markets today,, mortgage brokers are the largest sellers of mortgage products for lenders. Mortgage brokers exist to find a bank or a direct lender that will be willing to make a specific loan an individual is seeking. Mortgage brokers in Canada are paid by the lender and do not charge fees for good credit applications. In the US, many mortgage brokers are regulated by their state and by the CFPB to assure compliance with banking and finance laws in the jurisdiction of the consumer. The extent of the regulation depends on the jurisdiction.

<i>BRW</i> (magazine) Australian business magazine

BRW was an Australian business magazine published by the Fairfax Media group. The magazine was headquartered in Melbourne. It regularly compiled lists which rank corporations and individuals according to various criteria, similar to Fortune magazine in the United States. BRW provided news and commentary on the economy, business and investment in Australia. The magazine reported on successful business strategies, investments and entrepreneurialism. Cover stories and features concentrated on ways to make money and improve businesses. Each week BRW focused on a sector or topic relevant to business people or investors.

Kent Reliance is a banking services provider and trading name of OneSavings Bank plc, based in Kent, England. It was founded in 1898 as the Chatham & District Reliance Building Society, changing its name to the Kent Reliance Building Society in 1986 following the merger with the Herne Bay Building Society.

<span class="mw-page-title-main">Craig Gore</span>

Craig Gore is an entrepreneur from Sydney, Australia.

<span class="mw-page-title-main">Mark Bouris</span> Australian businessman

Mark Leigh Bouris is an Australian businessman who is best known as the founder and chairman of 'Wizard Home Loans', Australia's second largest non-bank mortgage lender behind Aussie Home Loans. He is now the chairman of Yellow Brick Road, a business which he founded in 2007. Bouris was the host of The Celebrity Apprentice Australia from 2011 to 2015. He has also hosted The Apprentice Australia and The Mentor, and has written numerous books and appeared on various podcasts. He manages Instagram and YouTube on social media.

Bon Levi is an Australian confidence trickster. Before he changed his name, he was Ronald Frederick. He is also known as Ron the Con, Roddy Farrow, Ron Heelan, Brett Wyatt, Ronald White and John McCorry.

Kogan.com is an Australian portfolio of retail and services businesses including Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Internet, Kogan Insurance, Kogan Travel, Kogan Money, Kogan Cars, Kogan Energy, Dick Smith, Matt Blatt and Mighty Ape. The company was founded in 2006 by Petras Gražulis

Bluestone Group is a financial services and technology business with offices in the UK and Ireland.

<span class="mw-page-title-main">Ruslan Kogan</span> Australian businessman

Ruslan Kogan is an Australian entrepreneur known as founder and CEO of Kogan.com, as well as several other ecommerce companies in Australia. He was Australia's richest person under the age of 30 from 2011 to his 30th birthday in November 2012. In 2020, Kogan's net worth was estimated by the Financial Review 2020 Rich List as A$575 million.

Aussie is an Australian retail financial services group with operations spanning all mainland capital cities and major regional centres throughout Australia. As of April 2012, Aussie reported a loan book under management of over A$42 Billion through 750 brokers and 150 stores.

<span class="mw-page-title-main">Mortgage Choice</span>

Mortgage Choice Limited, commonly known as Mortgage Choice, is an Australian mortgage broking firm.

Stratton Finance is one of Australia's largest car and asset finance brokers, with offices in most Australian capital cities and a national network of franchises.

Zambrero is an Australian multinational fast food restaurant franchise serving Mexican cuisine.

Appster was an Australian mobile app development company, founded in 2011 by Josiah Humphrey and Mark McDonald. Appster developed mobile apps and websites for startup companies, and enterprises. The company was once touted as the "next Apple" by analysts due to its fast growth. However Appster later collapsed and went into liquidation, on 7 December 2018.

Somers Limited is an investment holding company based in Hamilton, Bermuda. Its shares are traded on the Bermuda Stock Exchange.

References

  1. 1 2 Gaynor, Mitch (September 27, 2009). "Wayne Ormond finds interest soars in king of refunds". The Courier-Mail . Retrieved February 15, 2012.
  2. ↑ "Consumers rate a mention in mortgage broker review - News". Sydney Morning Herald. May 29, 2004. Retrieved February 15, 2012.
  3. ↑ "Refund Home Loan's, Wayne Ormond, Highly Commented At Entrepreneur Awards". Franchisebuzz.com.au. Retrieved February 15, 2012.
  4. ↑ "Fast Franchise 2010". Brw.com.au. Retrieved February 15, 2012.
  5. ↑ "Ormond hits BRW's Young Rich list - International Business Times". Au.ibtimes.com. October 15, 2009. Retrieved February 15, 2012.
  6. ↑ "Media Library - Multimedia Library". Wayne Ormond. Retrieved February 15, 2012.
  7. ↑ "Media Library - Multimedia Library". Wayne Ormond. Retrieved February 15, 2012.
  8. ↑ "Refund decision stuns industry". October 13, 2011.
  9. ↑ Refund Home Loans and Wayne Ormond admit false and misleading statements
  10. ↑ Homeloans Snaps up Floundering Lender
  11. ↑ Liquidator the big winner in $20m Refund Home Loans collapse
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.