the adviser logo

Have your say on Australia’s non-major lenders - Jul 2015

by Reporter10 minute read
The Adviser

The Adviser’s annual survey of Australia’s non-major banks is now open and brokers are being urged to give their feedback.

Australia’s non-majors play a significant role in the third-party distribution channel, offering an authentic alternative to the big four. These lenders have proven adept at keeping the big four on their toes by instigating competition on price, policy and broker commissions.

Jim Hall, head of mortgages and real estate at Sterling Publishing, publisher of The Adviser, said there is a critical connection between brokers and non-major lenders.

“Brokers have a mutually beneficial relationship with the non-major banks. The non-majors, without extensive branch support, rely on brokers to advocate their products in order to bolster their service as a credible alternative to the big four,” he said.


“Similarly, a key proposition for brokers is the ability to offer choice and, without the non-majors, the role of the mortgage broker would be severely diminished.

“Broker feedback to this important survey helps Australia’s non-majors to provide a better service to the third-party channel.”

The Third-Party Banking Report – Non-Major Lenders ranks and compares the country’s non-major lenders on product offering, technology, commissions and support capabilities.

The rankings provide lenders with an astute insight as to what brokers think of their business offerings – and those of their competitors.

For brokers, the rankings discern who’s performing well and whose offering is not quite up to scratch – maybe even tempting brokers to try a lender they had not previously considered.

To give your feedback and be part of this influential survey, please click here.

The full report will be published in the October issue of The Adviser.



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