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CBA reduces accreditation barrier, updates tiers
by Annie Kane • 20 Jul 2021
The big four bank is now allowing brokers with one year of experience to write loans with the bank, and has updated its...
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Turnarounds show green shoots of improvement
by Annie Kane • 20 Jul 2021
The time to initial credit decision appears to be improving, with the latest Broker Pulse survey showing more lenders...
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Westpac offers SME COVID cash flow support
by Malavika Santhebennur • 20 Jul 2021
The major bank has announced a new measure to support existing SMEs with cash flow if revenue has reduced due to...
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Broking sector unpacks macro policy impact on property
by Malavika Santhebennur • 20 Jul 2021
Low borrowing costs and assessment rates in the home loan market could pose risks to borrowers when asset prices return...
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Larger business deals to trend up: ScotPac CEO
by Annie Kane • 16 Jul 2021
The CEO of the non-bank lender has forecast a strong uptick in large deal opportunities for brokers for the remainder...
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NAB targeting ‘consistency’ in turnarounds and decisioning
by Annie Kane • 15 Jul 2021
The major bank’s new executive for broker distribution says the bank is focused on making turnarounds and decisioning...
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Plenti upsizes automotive facility to $450m
by Malavika Santhebennur • 14 Jul 2021
The fintech lender has increased the capacity of its automotive loan warehouse facility by $100 million amid loan...
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Volt acquires non-bank lender
by Annie Kane • 13 Jul 2021
Volt Bank has fully acquired non-bank fintech Australian Mortgage, as it moves to deliver a digital mortgage solution...
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Former director pleads guilty to false document charges
by reporter • 13 Jul 2021
A former director of a Sydney financial services company has pleaded guilty to one count of making false documents and...
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Banjo launches bridging finance offering
by Annie Kane • 12 Jul 2021
The SME lender has launched a new bridging finance product to help businesses grow “uninterrupted” by delays.
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