ANZ is said to be gearing up for a push in the residential mortgage market.
According to a report in The Australian, an ANZ spokesperson said adjustments to the business were underway and “should see improved flows in the coming months.”
“This includes improved turnaround times for processing mortgage applications,” the spokesperson told the daily.
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Data from the Australian Prudential Regulation Authority released earlier this week showed the CBA made up 40.1 per cent of new mortgage flows, while Westpac made up 34.8 per cent and St George made up 12.8 per cent.
NAB and ANZ had fallen sharply behind recording just 5.6 per cent and 5.1 per cent respectively
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