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ANZ rejects minimum volume quotas

by Staff Reporter7 minute read
The Adviser

The major banks are split on minimum volume requirements with confirmation today that ANZ has no intention of changing its broker accreditation policy.

In recent weeks a number of the major banks have revealed intentions to terminate accreditations for brokers who fail to meet minimum volume requirements – a fee would then be incurred should brokers wish to be reaccredited.

ANZ however has bucked the trend and says it is committed to all brokers regardless of business volumes.

“We have no current plans to replicate the policies of other lenders regarding minimum business requirements,” ANZ general manager of specialist business Glenn Haslam told Mortgage Business yesterday.

“We recognise that brokers providing ANZ with minimal business are actually opportunities to secure more new business and we're keen to talk to them.”

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