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Breaking News
Nectar Mortgages doubles monthly settlements
by • 7 Sep 2021
The franchise brokerage has more than doubled its monthly settlement figure in less than a year.
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1.2m Australians scammed in the past year
by • 7 Sep 2021
COVID-19 has escalated scam prevalence, with more than 1.2 million Australians affected in the last 12 months,...
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Turnaround delays impacting broker client satisfaction
by Annie Kane • 6 Sep 2021
EXCLUSIVE: The lengthy delays affecting broker-lodged loans have negatively impacted how borrowers view the broker...
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Bluestone expands broker support
by Annie Kane • 6 Sep 2021
The non-bank lender has welcomed six new broker support team members, as well as six new underwriters, as it ramps up...
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Suncorp to withdraw 2 lending offerings
by • 6 Sep 2021
The non-major bank has confirmed that it has begun the process of grandfathering and withdrawing two of its business...
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New FHLDS applications need Notice of Assessment
by Annie Kane • 6 Sep 2021
Applications for the government-backed First Home Loan Deposit Scheme now need to have Notice of Assessments to be...
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Brokers urged to prepare for new laws
by Malavika Santhebennur • 3 Sep 2021
Brokers have been advised to understand what actions they need to take when the “next wave” of regulatory changes...
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ScotPac partners with fintech to hasten approvals
by Annie Kane • 3 Sep 2021
The non-bank lender is to roll out a new data-driven lending platform powered by Trade Ledger, in a bid to accelerate...
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nMB sets a new record settlement year
by • 3 Sep 2021
National Mortgage Brokers settled $6.6 billion in the financial year 2021, with its loan book surpassing $20 billion...
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CBA launches green upgrade for commercial mortgages
by • 3 Sep 2021
The major bank has introduced a commercial property loan upgrade for businesses looking to reduce operating and...
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Hot Property: The biggest property headlines from the week 30 August...
by Reporter • 3 Sep 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 3...
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New non-bank lending group formed following merger
by Annie Kane • 2 Sep 2021
Several industry veterans, including former Pepper chief executive Patrick Tuttle, are to head up a newly created...
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Mutuals escaping ‘vicious cycle’ in merger mania: S&P
by Sarah Simpkins • 2 Sep 2021
The rise in consolidation among mutual lenders has reflected changing attitudes from management amid escalated margin...
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Butn appoints MYOB executive to board
by • 2 Sep 2021
MYOB’s chief employee experience officer has joined the business finance platform as a non-executive.
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Brokers continue to smash records: MFAA
by Annie Kane • 1 Sep 2021
Mortgage brokers settled nearly $78 billion of home loans in the June quarter, the highest quarterly figure ever...
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Resimac Group settlements surge to $4.8bn
by Annie Kane • 1 Sep 2021
Australian brokers helped deliver the vast majority of the group’s record settlements in the financial year 2021, as...
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Westpac completes LMI business sale
by • 1 Sep 2021
The big four bank has finalised its deal with a global specialist insurer for its lender’s mortgage insurance...
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ACT expands SME COVID support
by Malavika Santhebennur • 1 Sep 2021
The ACT COVID-19 Business Support Grants have been increased as the territory faces a lockdown extension.
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MyState hires former ANZ exec to lead wealth division
by • 1 Sep 2021
Non-major banking group MyState Limited has appointed a new general manager for its wealth management subsidiary.
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Liberty Financial raises broker investment as book swells
by Sarah Simpkins • 31 Aug 2021
The ASX-listed group has ramped up investments in broker support staff and technology, as it has seen its loans grow by...
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Broker flows boost Heartland to $1bn
by Sarah Simpkins • 31 Aug 2021
Heartland’s reverse mortgages loan book has passed $1 billion, with more than half of its business flowing through...
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Platform Finance partners with SME lender
by • 31 Aug 2021
Asset finance aggregator Platform Finance has made a strategic referral partnership with Moneytech Finance, allowing...
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CBA appoints non-executive director
by reporter • 31 Aug 2021
The major bank will welcome a new independent non-executive director on 1 September.
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‘Brokers’ strong relationships’ lead to record FY21: AFG
by Annie Kane • 30 Aug 2021
The strength of the broker-client relationship has helped deliver a record settlement and financial result for the...
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Broker, big 4 dynamics shift benefits smaller banks: Auswide
by Sarah Simpkins • 30 Aug 2021
The non-major bank has eyed a turn in the relationship between brokers and the major banks, stating smaller players...
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