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Lenders need to ‘get with the program’ on digitised variations
With digital loan applications now an industry standard, lenders should be focused on the digitisation of the loans variations process, according to a technology chief ...
LENDER • Tue, 08 Oct 2019
‘Massive opportunity’ for brokers in SME lending
Brokers and other advisers are “losing ground” in the SME advice space, which represents a “massive opportunity” to engage with and educate clients, according to an SME ...
BROKER • Wed, 25 Sep 2019
Lender reports 70% growth in broker loans
Online SME lender OnDeck has seen a 70 per cent increase in broker-originated loans in the last year, following an expansion of its channel presence.
LENDER • Wed, 25 Sep 2019
Big 4 bank cuts rates by up to 90 bps
A major bank has announced mortgage rate reductions of up to 90 bps for both owner-occupiers and investors.
LENDER • Tue, 24 Sep 2019
SMEs funding growth through non-bank lenders
The proportion of Australian SMEs that plan to fund their business growth via their main bank has halved in the past five years, according to new research.
LENDER • Tue, 24 Sep 2019
Climate change raising risk for mortgagors
The increased frequency of natural disasters is raising risks for home loans and house prices in Australia, and is credit negative for Australian RMBS, Moody’s has said
LENDER • Mon, 23 Sep 2019
ANZ finalises SME business sale in PNG
The major bank has finalised the sale of its retail, commercial and SME banking business in Papua New Guinea to Kina Bank.
LENDER • Mon, 23 Sep 2019
Big banks provide 100% CCR data
The big four banks have provided 100 per cent of the required eligible account information ahead of the deadline, according to ANZ.
LENDER • Sun, 22 Sep 2019
Brokers have their say on serviceability changes
Several leading brokers have suggested that APRA’s recent changes to home loan serviceability guidelines will result in more opportunities for the market.
BROKER • Thu, 19 Sep 2019