MultiNET – Our Story
Where did it all begin?
The origination of MultiNET Home Loans, as it is known today, goes back over 40 years to the early 1970s, when our founder, John Smyth, immigrated to South Africa from Ireland. He entered the real estate industry in 1973 and was one of the first estate agents to pass the CIEA examination in 1976. John was consistently rated in the top 5 performers list in the companies where he was employed. During 1987 he formed the Network Homes Group and within 2 years, in 1988, it was listed as one of the top 30 companies in South Africa. Over the years, John was involved in the training of hundreds of estate agents, with many of them going on to run their own successful businesses.
MultiNET – our background
The Multinet Property Group was formed in January 1998, with its target market being the smaller independent firms employing 1-15 estate agents and with a strong presence within a specific area.
Further expansion was to come. As an independent property group, the company entered the bond origination arena in 2003 as MultiNET Mortgages. The company has always followed a strict policy of operating in a responsible manner to ensure longevity within the origination industry and the greater South African property sector. As a tight-knit organisation, we have the ability to keep our ears close to the ground and to deliver on our promise of being a trustworthy originator that speaks to the real needs of consumers. In November 2017 the company was officially registered as MultiNET Home Loans (Pty) Limited.
Following the sad and untimely passing in 2017 of our founding father, John Smyth, the company continued to be run by the executive team, under the solid guidance of interim CEO, Rita Brand. It was fairly inevitable that there would be some speculation in the market around MultiNET’s future. However, the executive team were pleased and proud to inform our partners that John’s unwavering commitment to MultiNET remaining a 100 percent independently owned company would continue to live on, and that there was no intention of selling to, or merging with, any other company.
Then came the announcement that brought exceptionally good news and great excitement – Shaun Rademeyer, previously the CEO of BetterBond, would be joining the MultiNET executive team as Chief Executive Officer in July 2018, following a six-month restraint of trade with his former employer. As the MultiNET interim CEO, Rita Brand, said at the time, “Our goal is to continue to provide an alternative origination option and build a sustainable origination industry that subscribes to free market principles. However, to maintain the focus on our people, business partners and customers, we need a new CEO. At the same time, Shaun needs a new challenge, so this is a perfect fit, and we are really looking forward to welcoming him to the company.”
What is our mission?
At MultiNET Home Loans we take pride in helping more South Africans to own a home, through successful
partnerships that create wealth for all. We offer expert home loan advice and service, absolutely free.
Professional management and staff
MultiNET is an independent company, with a complement of highly experienced, professional management and staff, all of whom have extensive banking and real estate experience. To this end, we work proactively with lead providers and aggregators. We act with integrity in all our dealings with customers, banks and business associates, serving the home loan and financial needs of real estate professionals, home buyers and home owners.
Making dreams come true
We get prospective home owners pre-qualified, with a clear understanding of the home loans that they quality for. In addition, we assist with application for finance through MultiNET Home Loans with just one application to all banks, and provide general assistance with all home loan related queries. By working assiduously to assist South Africans to own their own homes, we are indeed fulfilling their dreams through sharing in our success. It is our active, daily contribution to bringing the message of Ubuntu into the lives of all South Africans.
Creating wealth for all
We have direct bond origination contracts with all major financial institutions. MultiNET Home Loans is the only independently owned bond originator in South Africa, and we have an extremely impressive track record. We are well represented throughout South Africa, with branches in Randburg, Cape Town, Durban, Pretoria, and Boksburg, as well as licensee offices in Middelburg and Richards Bay.
Looking to the future
The MultiNET Home Loans executive management team and staff welcome and look forward to cementing prospective business dealings with new business partners and home loan consumers, and trust that we will forge a strong relationship built on our past, present and future successes. We pledge to you the utmost levels of integrity in all our business operations, and assure you that our lines of communication are always open to any of your queries and suggestions.
What is our vision?
In the words of CEO Shaun Rademeyer, “Our vision is to continue being a significant contributor in the bond origination industry by providing superior systems, passionate service and lifetime partnerships based on the principles of sharing successes with all.”