the adviser logo

ANZ extends its home loan assessment activities

by Nick Bendel9 minute read
The Adviser

ANZ is about to give a second major boost to customer service in less than a month after announcing a move to six-day operations.

The bank will extend its home loan assessment activities from a five-day model to a six-day model as of this weekend.

That means its assessment and document preparation teams will be available from Monday to Saturday between 8am and 8pm AEST.

ANZ's phone lines will also be open six days a week, between 9am and 5pm.


This service upgrade comes after the November 24 release of a new online toolkit that allows brokers to model complicated scenarios with their clients and then save the information.

ANZ's head of third-party relationship channels, Keiran Evans, told The Adviser that the extended operations would differentiate the bank from its rivals.

"The period of greatest angst for a customer is between putting in the loan application and then waiting for the decision, because until they get that decision they don't know whether they've captured the house," he said.

"At the moment, we're predominantly doing our loan applications same-day. When you combine that with the fact we're now providing decisions on Saturday, it leads to a far better customer outcome."

Mr Evans said brokers regularly ask him for quicker turnarounds, especially late in the week when customers are preparing to go to auction.

"If brokers have scenarios they want to discuss – the same as they do Monday to Friday – they're going to be able to do so on Saturday," he said.

"For those customers who desperately need an answer by Saturday, the scenario team will be invaluable for them."




You need to be a member to post comments. Become a member for free today!
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more