CBA remains the lender of choice for brokers, new research has revealed.
According to Stargate’s Symmetry Market Index, the major lender’s Rate Saver Home Loan continues to be the most popular product among the software provider’s broker members.
Moreover, four of the lender’s products managed to make Stargate’s list of 10 most popular products for the month of February.
The company’s general manager mortgage operations Unal Altay said CBA had consistently performed well with brokers for the past three years.
“CBA continues to remain the lender of preference with brokers, with almost 27 per cent of all broker volumes being attributed to the lender, this is a 17 per cent increase on this time last month,” Mr Altay told The Adviser.
“CBA continues to perform extremely well, to the point where I would say they almost have an unassailable lead on the rest of Australia’s lenders.”
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