Wayne Ormond (businessman)

Wayne Ormond (born 15 July 1973) 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.

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

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.

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.

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]

References
  1. 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
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