Momentum Intelligence, in partnership with The Adviser, is calling on brokers to rank the performance of the non-major banks, looking specifically at product offering, technology, broker support and commission.
The last 12 months have been challenging for the big banks, with the non-majors and non-banks seeing more business as credit policy tightens up and more borrowers look outside of the majors to fulfil their lending needs.
But there has also been a raft of changes in the non-major bank space in the past year, from rate hikes and pulling back on certain types of lending to changes to broker remuneration and changing of the guard, and the second-tier lenders look quite different to how they did a year ago.
Given the current landscape, we’re keen to understand how the non-majors have been working with the third-party channel, the areas in which they’ve been excelling at and the areas in which they could improve.
In last year’s survey, brokers said that the non-majors had better turnaround times than the major banks as well as better credit assessment staff and BDM support, but that turnaround times could still be improved.
This is your chance to let us know what you really think and what your experiences with the non-major banks have been over the last 12-month period, and whether they have improved on last year.
With your help, Momentum Intelligence, in partnership with The Adviser, will reveal the key findings of the report in a supplement to the September edition of The Adviser magazine.
Respond to the Third-Party Lending Report: Non-Major Banks 2018 online now.
[Related: Brokers rate the big four banks]
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