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Lender
Processing lags cost refinancers millions in savings
by Charbel Kadib • 31 Jul 2020
Owner-occupier refinancers have collectively lost over $10 million in savings due to delays in processing discharge...
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NAB stops dealing with unlicensed debt management providers
by Malavika Santhebennur • 31 Jul 2020
The major bank is cracking down on unlicensed debt management companies, revealing that it will no longer deal with...
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Westpac to onshore jobs to improve processing lags
by Annie Kane • 29 Jul 2020
The major bank has said that it will onshore 1,000 jobs following “challenging conditions for home lending processing...
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Wisr reports 92% surge in loan originations
by Reporter • 29 Jul 2020
A spike in loan originations has contributed to an 18 per cent increase in the fintech’s operating revenue, its...
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CML to acquire invoice finance lender
by Annie Kane • 28 Jul 2020
CML Group has entered into a binding agreement to purchase Skippr Invoice Finance in its latest plans to expand its...
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Major bank introduces new serviceability probe
by Charbel Kadib • 27 Jul 2020
Brokers will now be required to document their clients’ post-retirement mortgage repayment plans, with a big four...
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Heritage appoints head of business to spearhead expansion
by Reporter • 23 Jul 2020
The mutual bank has revamped its business division as part of a plan to “quadruple” its business portfolio and...
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AFG brings on digital mortgage lender
by Annie Kane • 23 Jul 2020
The major aggregation group has signed a strategic partnership with 86 400 to give its brokers access to the...
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FBAA head urges lenders to resolve processing lags
by Charbel Kadib • 22 Jul 2020
Turnaround times, VOI processes and form standardisation have been flagged by FBAA managing director Peter White as...
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Specialist lender appoints new GM of distribution
by Annie Kane • 22 Jul 2020
RedZed has hired its first executive general manager of distribution as part of its growth strategy to support and...
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