28 August 2012 7:11am

Mortgage lender Homeloans Ltd has entered into agreements with 54 former Refund brokers to become Homeloans branded brokers.

In May, Homeloans announced a deal with the administrators of the failed broker group, Refund Home Loans, to buy certain assets of the company.

Homeloans said, at the time, that its goal was to use the acquisition to expand its distribution. It had 25 branded brokers operating as mobile lender, shopfront operators and employees.

Homeloans' chief executive, Tim Holmes, said, in a statement yesterday, that Homeloans had a "platform to take the...