Helia Group (ASX: HLI) — Company Overview, News & Financial Data
Helia Group is a provider of lenders mortgage insurance and risk management solutions to the Australian residential mortgage lending industry.
Helia Group
Helia Group is a provider of lenders mortgage insurance and risk management solutions to the Australian residential mortgage lending industry. The company partners with banks, non-bank lenders, and credit unions to offer insurance products that protect mortgage lenders against financial loss in the event of borrower default. By underwriting low-deposit residential mortgages, the company facilitates home ownership for borrowers who lack a standard twenty percent deposit. Its operations encompass underwriting, portfolio risk management, loss mitigation, and claims processing. The company also offers digital tools, deposit estimators, and educational resources to support mortgage brokers, lenders, and property buyers.
Snapshot
Operations
Products and/or services of Helia Group
- Lenders Mortgage Insurance: Underwriting mortgage insurance policies for primary residential lending institutions, providing financial protection to banks and non-bank lenders against capital losses resulting from borrower default on high loan-to-value ratio residential mortgages across Australia.
- Low Deposit Lending Solutions: Risk-sharing structures and capital management products designed for residential mortgage lenders, enabling financial institutions to offer home loans to creditworthy borrowers possessing down payments of less than twenty percent.
- Risk Management and Portfolio Analytics: Quantitative risk assessment services and underwriting guidelines provided to mortgage originators, assisting lending partners in evaluating credit risk, monitoring loan portfolio health, and optimizing regulatory capital requirements.
- Digital Estimators and Analytical Tools: Proprietary digital estimation software and financial tools, including home deposit, fee, and servicing estimators, which assist mortgage brokers, lenders, and homebuyers in evaluating borrowing capacity and insurance fees.
- Claims and Loss Mitigation Services: Default management, loss mitigation programs, and subrogation operations, coordinating directly with lender partners to manage arrears, provide borrower hardship assistance, and process claims on defaulted residential mortgage loans.
Helia Group executive team
- Mr. Michael CantInterim CEO & CFO
- Mr. Jeremy FrancisChief Operating Officer
- Mr. Andrew CormackChief Risk Officer
- Mr. Greg McAweeneyChief Commercial Officer
- Mr. Paul O'SullivanHead of Investor Relations
- Mr. Brady John WeisselGeneral Counsel & Company Secretary
- Ms. Katharine CartyHead of Corporate Communication
- Dimi BartolilloHead of Marketing & Brand
- Ms. Nicole LangChief People & Culture Officer
- Ms. Lisa GriffinChief Strategic Development Officer