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ASX-listed aggregator reshuffles broker support team
by Ben Squires • 19 Jul 2024
AFG has bolstered its sales and support teams in key markets across Australia.
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Hot Property: The biggest property headlines from week 15–19 July...
by Annie Kane • 19 Jul 2024
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 19... READ MORE
Former broker permanently banned following fraud convictions
by Annie Kane • 18 Jul 2024
ASIC has permanently banned a former Sydney-based mortgage broker following fraud convictions.
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Smaller lenders improving broker turnarounds: Broker Pulse
by Malavika Santhebennur • 18 Jul 2024
The time it takes for smaller banks to reach an initial credit decision on broker loans has continued to improve,... READ MORE
Building commencements rising from the doldrums
by Annie Kane • 18 Jul 2024
After having hit a record low in September, building commencements are slowly ticking back up again, but brokers are... READ MORE
UNO launches first AI-powered initiative
by Annie Kane • 18 Jul 2024
An AI-powered data-matching algorithm has been rolled out by the brokerage to automatically pair and allocate... READ MORE
Prospa shareholders vote in favour of acquisition
by Annie Kane • 17 Jul 2024
The shareholders of the SME lender have voted in favour of the proposal to be acquired by a consortium led by the... READ MORE
The Word: How do you source new business?
by Annie Kane • 17 Jul 2024
Getting new business through the door is a key part of growing a business. This month, we... READ MORE
Banjo reports 86% rise in loan rejections YoY
by Annie Kane • 17 Jul 2024
Loan activity from small businesses “has gone backwards”, with the number of loan applications falling and... READ MORE
Combined auction clearance rate stagnates
by Sebastian Holloman • 17 Jul 2024
Auction volumes and preliminary clearance rates have both fallen compared to the previous week.
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Client loyalty greater if lenders make positive impact: Brokers
by Malavika Santhebennur • 16 Jul 2024
Brokers have predicted that lenders that make a positive environmental, community, and social impact will attract and... READ MORE
Athena launches new products via broker channel
by Charlotte Humphrys • 16 Jul 2024
A new product suite from the lender to support a diverse range of borrowers has become available through the... READ MORE
NSW and Qld look to recommence interoperability despite ‘pause’
by Annie Kane • 16 Jul 2024
The land registries in Queensland and NSW have committed to continuing the progression of interoperability despite... READ MORE
Banks to refund $28m to low-income customers
by Charlotte Humphrys • 15 Jul 2024
Four banks have had to pay up following an investigation by ASIC regarding their conduct towards low-income... READ MORE
Is the broking industry missing millions in unpaid commissions?
by Annie Kane • 15 Jul 2024
ANALYSIS The complexity and opacity of commission payments are leaving brokers out of pocket, with one broker having... READ MORE
FBAA membership growth surges
by Charlotte Humphrys • 15 Jul 2024
The association has recorded its largest annual increase in memberships in recent years.
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ASIC reduces broker levy after questions raised
by Annie Kane • 12 Jul 2024
A reduced minimum levy has been confirmed for credit intermediaries after an industry member flagged inconsistencies... READ MORE
Huge scope for brokers to assess their client values: Report
by Malavika Santhebennur • 12 Jul 2024
EXCLUSIVE There is a significant opportunity for brokers to build lasting relationships with clients by gauging their... READ MORE
Investor demand at 7-year high: AFG
by Ben Squires • 12 Jul 2024
Nearly a third of mortgages lodged by AFG brokers in Q4 were for investor loans, marking a seven-year high, according... READ MORE
3/4 of FHBs saving less than 20% deposit: Helia
by Charlotte Humphrys • 12 Jul 2024
First home buyers have continued to purchase property with broker support even as they struggle to save for a deposit,... READ MORE
Hot Property: The biggest property headlines from week 8–12 July
by Reporter • 12 Jul 2024
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 12... READ MORE
New leader appointed for asset finance aggregator
by Annie Kane • 11 Jul 2024
AFG has announced the appointment of a general manager for the Fintelligence group of companies.
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Broking industry unpacks the payroll tax case
by Annie Kane • 11 Jul 2024
EXCLUSIVE While the industry continues to challenge payroll tax interpretations, calls are being made to the entire... READ MORE
AFG brokers close EOFY with record lodgements
by Charlotte Humphrys • 11 Jul 2024
Total lodgement volumes at the aggregator reached record highs for Q4 of the financial year, as the average loan size... READ MORE
Momentum Media Australian AI Awards 2024 launches for the first time
by Malavika Santhebennur • 11 Jul 2024
Submissions and nominations have opened for the inaugural Momentum Media Australian AI Awards 2024, which champions the... READ MORE
Why brokers are turning to private lending
by Charlotte Humphrys • 11 Jul 2024
Private credit has seen a significant boom, according to new research, with brokers revealing why they use private... READ MORE
FHBs help brokerage achieve record volumes in FY24
by Charlotte Humphrys • 10 Jul 2024
First home buyers have propelled loan volumes at the franchise brokerage, with brokers revealing that government... READ MORE
Financial Services Minister meets industry about clawbacks
by Annie Kane • 9 Jul 2024
The Assistant Treasurer and Financial Services Minister Stephen Jones MP has met with members of the broking industry... READ MORE
ANZ-Suncorp merger date set
by Charlotte Humphrys • 9 Jul 2024
Following the proclamation of the updated Metway Merger Act, ANZ has set a date for its acquisition of... READ MORE
Resimac CEO resigns, interim CEO appointed
by Annie Kane • 9 Jul 2024
Scott McWilliam, the CEO of Resimac, has resigned from the lender after 21 years of service, with an interim CEO now... READ MORE
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