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MFAA Prosper : Mortgage and Finance Brief 10
Rugby league may have been his passion as a younger man, but these days Murray Cowan is racking up wins as the CEO of one of Australia's leading mortgage managers -- Better Mortgage Management. Cowan redirected his competitive streak into one of the most competitive industries of all ... mortgages. But what drove him to get into the business in the first place? "Like many young people, I wasn't sure what to do career-wise," says Cowan. "I travelled and played rugby league semi-professionally in Sydney, Brisbane and the UK, but then I realised I wasn't ever going to make it at the highest level." A broken ankle towards the end of the 1987 season was the final nail in his sporting coffin, so Cowan had to look for alternatives. "I had an interest in finance and property and had studied accountancy," he says, "so in 1988 I joined Citibank in Brisbane. It was a great place to learn about the mortgage industry." From the mid 1990s, Murray Cowan saw an opportunity in the market. He felt that most major lenders were not focused enough on servicing mortgage brokers, and could see an opening for a business to deliver products and services that better matched the needs of mortgage brokers. "So I w InProfile Mortgage & Finance brief | 31 Murray Cowan launched Better Mortgage Management in 1999, and has since established it as one of the leading mortgage managers in the country. We caught up with the former rugby league player to find out just how he's done it. Words Philip Jenkinson MURRAY COWAN'S FOOTY CAREER Player: Murray Cowan Position: Lock/Second Row 1980-1983 • Taree United (First Grade, aged 17) • Football at Taree (including NSW North Coast Junior & Schoolboy Rep Teams) • CRL Group 3 Premiership Team • CRL North Coast Senior Representative Teams 1984-85 (Australia) • Western Suburbs Magpies (Sydney) Under 23s 1984-85 (UK) • Workington Town and Batley (Second Division) • Widnes (First Division) 1986-87 • Northern Suburbs Devils (Brisbane) First Grade
Mortgage and Finance Brief 09
Mortgage and Finance Brief 11