Login
ISCOVER
The Adviser’s annual survey of Australia’s non-major banks is now open and brokers are being urged to give their feedback.
Australia’s non-majors play a significant role in the third-party distribution channel, offering an authentic alternative to the big four. These lenders have proven adept at keeping the big four on their toes by instigating competition on price, policy and broker commissions.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Jim Hall, head of mortgages and real estate at Sterling Publishing, publisher of The Adviser, said there is a critical connection between brokers and non-major lenders.
“Brokers have a mutually beneficial relationship with the non-major banks. The non-majors, without extensive branch support, rely on brokers to advocate their products in order to bolster their service as a credible alternative to the big four,” he said.
“Similarly, a key proposition for brokers is the ability to offer choice and, without the non-majors, the role of the mortgage broker would be severely diminished.
“Broker feedback to this important survey helps Australia’s non-majors to provide a better service to the third-party channel.”
The Third-Party Banking Report – Non-Major Lenders ranks and compares the country’s non-major lenders on product offering, technology, commissions and support capabilities.
The rankings provide lenders with an astute insight as to what brokers think of their business offerings – and those of their competitors.
For brokers, the rankings discern who’s performing well and whose offering is not quite up to scratch – maybe even tempting brokers to try a lender they had not previously considered.
To give your feedback and be part of this influential survey, please click here.
The full report will be published in the October issue of The Adviser.
JOIN THE DISCUSSION