Mortgage manager and aggregator Firstfolio has been on a spending spree over the past year, adding $5.9 billion to take its mortgage book to $18 billion at the end of the 2009/10 financial year. It showed in the results, with revenue up 38.4 per cent to $65.6 million and net profit up 79 per cent to $4.8 million.Firstfolio acquired Loan Services Australia, First Chartered Capital Corp, Leasechoice and Xplore Capital.In the previous financial year it acquired the aggregator eChoice and mortgage manager Domain Financial Services.The action has continued in the current financial year. On 1 July it acquired Apple Loans, a Tasmanian aggregator.It launched Bloom, a distribution platform offering a range of financial products and services to third parties. During the year Firstfolio signed LJ Hooker and Once to Bloom.Firstfolio chief executive Mark Forsyth said in an interview with Banking Day earlier this year that distribution platforms were expensive, "so it makes sense to look for economies of scale."Forsyth said: "I can see only about 10 groups doing what we are doing in a few years. There will be the big four banks and five or six independents. The rest will be niche players. We plan to be one of the 10."