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Breaking News
Broker platform announces new acquisition
by Annie Kane • 20 Apr 2021
Mortgage broker platform HashChing has acquired a document automation and collection company to help deliver...
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Industry should demand ‘meaningful action’ on turnarounds
by Annie Kane • 20 Apr 2021
There is “no justification” for the delays in processing broker-lodged loans, the compliance manager of MoneyQuest...
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One month to go until Better Business Summit 2021!
by reporter • 20 Apr 2021
The Better Business Summit, run in partnership with principal partner NAB, will start in one month today – so make...
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Hot Property: The biggest property headlines from the week 12-16 April
by Reporter • 20 Apr 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 16...
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ANZ broker turnarounds at 12 days: CEO
by Malavika Santhebennur • 19 Apr 2021
The major bank CEO has also now confirmed that “time to yes” is different depending on channel, outlining that it...
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Turnaround times spike to 3-year high: AFG
by Malavika Santhebennur • 19 Apr 2021
An increase in market lending activity and a competitive lending market have seen lender turnaround times spike to over...
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Brokers urged to seize on SME market
by Malavika Santhebennur • 19 Apr 2021
The association has urged brokers to upskill to “properly” service the SME market, which it said is growing...
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BOQ records broker loan growth
by Malavika Santhebennur • 19 Apr 2021
The non-major has reported an uptick in broker loan settlement flows, and is eyeing further growth in the broker...
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NAB turnarounds range from 1-20 days, says CEO
by Annie Kane • 16 Apr 2021
Ross McEwan has confirmed that turnarounds differ depending on complexity and channel, with the direct channel able to...
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Citi to exit Australian consumer business
by Annie Kane • 16 Apr 2021
The investment banking company has announced that it is looking to sell its consumer banking business in Australia and...
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Westpac pledges to improve turnaround times
by Malavika Santhebennur • 16 Apr 2021
The bank’s CEO attributed longer loan approval times to "issues with offshore processing areas" and responsible...
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Non-major hires new state manager for Vic/Tas
by Annie Kane • 16 Apr 2021
A former broker and former Westpac state manager for home lending has been made Suncorp Bank’s first state manager...
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MoneyQuest celebrates 100 franchises
by Annie Kane • 16 Apr 2021
The growing broker brand has opened its 100th franchise since becoming a franchise system in 2016.
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CBA CEO acknowledges turnaround time disparity
by Annie Kane • 15 Apr 2021
The CEO of the big four bank has acknowledged that “time to yes” between direct and broker channels is markedly...
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Government urged to allow e-signatures on business loans
by Annie Kane • 15 Apr 2021
The CEO of a big four bank has called on government to enable lenders to accept digital signatures on business loans as...
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Broker satisfaction with lenders hits new low
by Annie Kane • 15 Apr 2021
The average lender Net Promoter Score in the latest Broker Pulse survey shows that satisfaction levels dropped to new...
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Nodifi sets rates for consumer asset finance
by Annie Kane • 15 Apr 2021
The fintech platform has set rates across all its consumer asset finance products to help support brokers in writing...
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How a close shave rocked this broker’s perspective
by Malavika Santhebennur • 15 Apr 2021
A life-threatening incident forced mortgage broker Tim Reynolds to re-evaluate his life goals and career path, and...
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Bank eyes broker channel as it revamps
by Annie Kane • 14 Apr 2021
A non-major bank has undergone a digital overhaul as it prepares to be acquired by Challenger and potentially expand...
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MYOB partners with cash flow funder
by Malavika Santhebennur • 14 Apr 2021
The accounting software platform has partnered with a cash flow financier to assist SMEs with managing cash flow.
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NSW government pushed for details on proposed property tax
by Jotham Lian • 14 Apr 2021
The NSW government’s plan to replace stamp duty with an annual property tax could result in purchaser uncertainty,...
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ANZ looks to AI to automate home loan process
by Annie Kane • 13 Apr 2021
The major bank has revealed that it is currently working to automate credit decisioning in mortgages by utilising...
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Plenti quarterly loan originations at record high
by Malavika Santhebennur • 13 Apr 2021
The non-bank lender has reported record quarterly loan originations in Q4 FY21, attributing it to growth across each of...
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Business demand for equipment at record levels
by Malavika Santhebennur • 13 Apr 2021
Businesses are purchasing new equipment and vehicles in record numbers, driven by customers capitalising on strong...
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ING expands wholesale banking in Australia
by reporter • 12 Apr 2021
ING Australia has appointed a new head of debt capital market, Australia, to lead the new business as the wholesale...
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