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New AI platform to help brokers ‘maintain their incomes’
A new AI-powered lending platform has been launched that could help brokers expand “more easily” into commercial lending and “maintain their incomes” in the aftermath of ...
BROKER • Wed, 13 Mar 2019
Broker remuneration reform behind schedule
The implementation of Sedgwick’s 2017 recommendations on mortgage broker and aggregator remuneration remains behind schedule, an ABA-commissioned update report has ...
BROKER • Wed, 13 Mar 2019
Outside looking in
Brokers looking at the Australian market from abroad say change should not be feared. Tas Bindi speaks to international brokers to get their perspectives on what’s ...
COMPLIANCE • Mon, 11 Mar 2019
‘Mortgage broking model changing anyway’: Westpac CEO
After being pressed by a member of parliament, a senior executive from Westpac admitted that a reduction in mortgage brokers would drive customers directly to bank ...
LENDER • Sun, 10 Mar 2019
Meet the mentor: Karen Hambleton-O’Grady
A good mentor can arm new brokers with the skills and knowledge to take their broking business to the next level. Tas Bindi speaks with a respected Western Australian ...
GROWTH • Thu, 07 Mar 2019
RBA governor mulls remuneration alternatives
The governor of the RBA has cautiously told senators that, “in principle”, Australia could move to a borrower-pays model where mortgage broker fees are “capitalised into ...
BORROWER • Sun, 24 Feb 2019
Fee-for-service not an ‘equitable’ model
It’s currently inconceivable that a fee-for-service model could be implemented in an “equitable” way across the mortgage industry, an executive has said.
BROKER • Tue, 19 Feb 2019
‘Cuckoo land’ commission ban slammed
The idea of a post-commission world where mortgage customers are better off is too idealistic, according to an economist.
GROWTH • Mon, 18 Feb 2019
Non-major bank supports Hayne’s proposals
A non-major bank has implied that it does not expect to be heavily impacted by Commissioner Hayne’s recommendations pertaining to mortgage brokers.
LENDER • Wed, 13 Feb 2019