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Former Vow Financial BDM joins Loan Market
Loan Market has announced the appointment of a former Vow Financial BDM to its Broker Success team.
BROKER • Tue, 20 Oct 2020
NAB gains ground in broker space as peers slip
NAB was the only big four bank to attract a greater share of broker lodgements in the latest release of Momentum Intelligence’s Broker Pulse report.
BROKER • Mon, 19 Oct 2020
New lending reforms to have no bearing on BID
Brokers will still be required to comply with forthcoming best interests duty obligations under the federal government’s proposed responsible lending reforms.
BROKER • Sun, 27 Sep 2020
Responsible lending laws to be scrapped
The federal government has revealed that it will move to overhaul credit practices by scrapping responsible lending obligations under the NCCP.
BROKER • Fri, 25 Sep 2020
AMP lowers floor rate, updates HEM benchmark
The non-major has announced a number of changes to its credit policy, including a reduction to its floor rate for home loan serviceability assessments.
GROWTH • Mon, 21 Sep 2020
Broker satisfaction with CBA dives
The major bank’s net promoter score has plunged into negative territory following a second consecutive increase in its turnaround times, new data has revealed.
BROKER • Wed, 09 Sep 2020
‘Fully functional’ BID ‘critical’ ahead of trail review
The best interests duty will be a “powerful ally” in the broking industry’s corner when it defends the utility of the existing remuneration model in 2022, according to ...
COMPLIANCE • Thu, 03 Sep 2020
Brokers dominate FHLDS originations
The third-party channel originated the lion’s share of FHLDS placements during the first phase of the program, new NHFIC data has revealed.
BROKER • Mon, 31 Aug 2020
AFG earnings buoyed by broker output
Strong broker-originated settlement growth has underpinned a 15 per cent increase in the diversified mortgage business’ net profit.
BROKER • Sun, 30 Aug 2020