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Westpac issues ‘our own doing’: chairman
The Westpac chairman has acknowledged the shortcomings in its risk management and compliance, and said many issues were of its own doing.
LENDER • Mon, 14 Dec 2020
MFAA, housing sector back consumer credit reforms
The consumer credit reforms could see borrowers viewed on a risk-based assessment for their loan applications, which could reduce turnaround times, according to the MFAA
BROKER • Sun, 13 Dec 2020
Happy New Year? Predictions for 2021
As we draw the curtains on a turbulent 2020, the broking industry heads in on what awaits them in 2021. The incoming best interests duty and other regulation and ...
SALES & MARKETING • Fri, 11 Dec 2020
A topsy-turvy year
Anyone who was hoping for a quiet, uneventful 2020 following the aftermath of the release of the banking royal commission final report would have been disappointed
COMPLIANCE • Fri, 11 Dec 2020
Former brokerage, director charged over false statement
A former Melbourne-based mortgage brokerage and its director have been charged with making a false statement to the corporate regulator.
BROKER • Thu, 10 Dec 2020
Purple Circle settlements up 51% in October
Purple Circle Financial Services’ settlements increased by over 51 per cent in October over its previous record month in August.
BORROWER • Thu, 10 Dec 2020
Platform Finance launches BID-compliant CRM
The asset finance group has launched a BID-compliant CRM system, in addition to a quoting and lodgement system designed for mortgage brokers.
COMPLIANCE • Wed, 09 Dec 2020
NextGen.Net makes strategic partnership appointment
The technology provider has announced the return of a former sales manager, who has been appointed to manage its strategic partnerships.
SALES & MARKETING • Wed, 09 Dec 2020
COVID-19 dampens BOQ FY20 results
The non-major has reported a substantial decline in its FY20 results amid a challenging environment, but its total deferrals have plummeted.
LENDER • Tue, 08 Dec 2020