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ING Direct’s new mortgage process to accelerate approvals
ING Direct has streamlined its customer verification process by extending its pilot program with Veda’s ZipID to brokers across the country.
BORROWER • Wed, 01 Jun 2016
AMP Bank announces major lending changes
AMP Bank has classified foreign borrowers as “unacceptable”, while also cracking down on overseas income sources and currencies used for lending purposes.
LENDER • Tue, 31 May 2016
CBA confirms new home loan process
The nation’s largest lender has announced a new home loan process that aims to speed up turnaround times for mortgage brokers.
LENDER • Mon, 30 May 2016
Brokers warned about income docs and record keeping
Mortgage brokers have been warned they are putting themselves at significant risk by only collecting the minimum documentation needed to meet a lender’s requirements.
BROKER • Sun, 29 May 2016
Virgin unveils major lead generation platform for brokers
Sir Richard Branson attended a broker event in Sydney yesterday at which Virgin unveiled a new system that connects six million of its customers to mortgage brokers ...
BROKER • Thu, 26 May 2016
Commercial lending spared from broker commission review
ASIC has revealed that it will only be reviewing remuneration arrangements associated with the sale of residential mortgage products as it prepares its findings for the ...
BROKER • Wed, 25 May 2016
UK regulator to investigate brokers
The Financial Conduct Authority (FCA) will turn its attention to intermediaries following the release of two reports into responsible lending.
COMPLIANCE • Sun, 22 May 2016
MyState makes big investment in third-party channel
MyState Bank has made a number of significant investments in its back-office systems and support teams as it looks to ramp up its share of broker-originated home loans.
GROWTH • Thu, 19 May 2016
Broker dominance leaves wide gap in mortgage market
Australian lenders are seriously doubting whether traditional branches can continue to be a viable distribution channel for almost half of all mortgages.
BROKER • Thu, 19 May 2016