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Breaking News
Joust launches broker-borrower matching service
by Annie Kane • 26 Jul 2021
The online home loan auction platform has launched a new matching tool that connects brokers and mortgagors.
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Prospa boosted by business sentiment rise
by Sarah Simpkins • 26 Jul 2021
Prospa managed a personal best of $182.7 million in loan originations during the June quarter, with the business lender...
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Brokers must vaccinate: FBAA
by Sarah Simpkins • 26 Jul 2021
The Finance Brokers Association of Australia has urged brokers to get vaccinated, in the interests of protecting the...
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Sherlok celebrates $1m milestone
by reporter • 26 Jul 2021
The repricing and refi tool for brokers has reportedly saved broker clients more than $1 million since launching in...
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AFG-Connective merger unlikely to complete
by Annie Kane • 23 Jul 2021
The aggregator has flagged that delays from the courts in delivering a judgement on its proposed merger with Connective...
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Fintech calls for SME Recovery Loan Scheme extension
by Annie Kane • 23 Jul 2021
The non-bank lender is calling on government to extend its SME Recovery Loan Scheme given the ongoing lockdowns.
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BOQ reshuffles board following ME Bank acquisition
by Annie Kane • 23 Jul 2021
Following the completion of its acquisition of ME Bank, BOQ Group has announced changes to its board.
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Banjo expands NSW BDM team
by Annie Kane • 23 Jul 2021
The SME lender has welcomed a former CBA analyst to its NSW broker team as a business development manager.
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Hot Property: The biggest property headlines from the week 19 to 23...
by Reporter • 23 Jul 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 23...
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Domain Home Loans names CEO
by Sarah Simpkins • 22 Jul 2021
A former BrickX boss and Deloitte partner has taken the reins at Domain’s mortgage broking arm.
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CBA revamps third-party strategy
by Annie Kane • 22 Jul 2021
The major bank has said it has improved turnarounds, hired more staff, and updated its tech stack as part of its...
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Pepper expands commercial BDM team
by Annie Kane • 22 Jul 2021
The non-bank lender has welcomed two new business development managers to its Victorian team and established...
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Effi launches loan product search API
by Malavika Santhebennur • 22 Jul 2021
The mortgage broking fintech has unveiled a product search API to allow brokers to access product data on home loans...
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Unmet demand for SME credit tipped at $120bn
by Sarah Simpkins • 22 Jul 2021
Judo Bank’s chief has told a parliamentary committee that the banking sector is in desperate need of a boost in...
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Heritage Bank urges ramp-up of vaccinations
by Sarah Simpkins • 22 Jul 2021
Heritage Bank’s chief has called for the government to accelerate COVID vaccinations and avoid any further economic...
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Ebury partners with business lender
by Malavika Santhebennur • 21 Jul 2021
The Australian arm of the global FX fintech has partnered with Earlypay to provide SMEs and brokers access to a wider...
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Finspo nabs Credo
by Sarah Simpkins • 21 Jul 2021
A digital mortgage broker run by former big four executives has acquired Melbourne brokerage...
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Lendi Group, lenders offer paid vaccine leave
by Malavika Santhebennur • 21 Jul 2021
Lendi Group, lenders and other businesses have pledged to offer paid COVID-19 vaccination leave for all permanent...
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ASIC releases reference checking protocol for mortgage brokers
by Annie Kane • 20 Jul 2021
The financial services regulator has released its protocol and guidance documents to help credit licensees comply with...
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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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MyBudget scrambles for AFS licence after ASIC probe
by Sarah Simpkins • 20 Jul 2021
Budgeting provider MyBudget has applied for an Australian financial services licence, after a recent ASIC...
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AMP dodges criminal charges in fees-for-no-service investigation
by Sarah Simpkins • 19 Jul 2021
ASIC has decided to end an investigation into alleged criminal conduct by an AMP financial advice business, relating to...
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