Breaking News
Brokers lose out to branches in FHB scheme
by • 19 Feb 2020
Brokers introduced just under 30 per cent of all loans in the government-backed First Home Loan Deposit Scheme,...READ MORE
Online lender appoints new NSW/ACT BDM
by • 19 Feb 2020
SME lender OnDeck Australia has appointed former Rugby Sevens captain and broker Nick Reily to the newly created role... READ MORE
Lender to consider ‘lifestyle changes’ in serviceability test
by • 19 Feb 2020
Demonstrable commitments from prospective borrowers to adjust their spending ahead of a home loan application will be... READ MORE
Brokers beef up Bendigo’s mortgage book
by • 18 Feb 2020
The non-major has released its half-year results, reporting above-system home lending growth, mostly driven by the... READ MORE
Banjo expands into broker space
by • 18 Feb 2020
SME fintech Banjo is ramping up its offering to brokers with new products and new aggregator partnerships this year, as... READ MORE
Mutual bank joins SFG panel
by • 18 Feb 2020
Specialist Finance Group has announced the addition of MOVE Bank to its lender panel, giving SFG brokers access to the... READ MORE
Heritage lowers fixed rates for investors
by • 18 Feb 2020
The non-major bank has announced cuts of up to 30 basis points across investor fixed-rate products, as well as the... READ MORE
Robo-advice, AI flagged as major threats to broker proposition
by • 17 Feb 2020
Mortgage industry representatives have named robo-advice and artificial intelligence as emerging threats to the broker... READ MORE
Clawback system ‘needs to change’
by • 17 Feb 2020
The clawback system, as solidified in new legislation, is “completely unfair” on brokers says Sydney-based broker... READ MORE
Westpac integrates CCR, updates loan process
by • 17 Feb 2020
Westpac Group has announced it is updating its consumer credit policy to use comprehensive credit reporting (CCR)... READ MORE
GetCapital announces product relaunch to fill market void
by • 17 Feb 2020
Non-bank lender GetCapital has relaunched its business overdraft product, available via the broker distribution... READ MORE
Connective backs merger utility amid ACCC doubts
by • 14 Feb 2020
The proposed merger with AFG will deliver “great outcomes” for brokers and their customers, Connective director... READ MORE
Finsure reports record Q2 settlements
by • 14 Feb 2020
The mortgage aggregator has posted record settlements for the second quarter of the 2020 financial year, and grown its... READ MORE
FHB scheme applicant trends revealed
by • 14 Feb 2020
Details of the first applicants taking part in the government’s First Home Loan Deposit Scheme have been revealed by... READ MORE
Leading SA/NT brokers celebrated at the Better Business Awards 2020
by • 14 Feb 2020
Brokers, BDMs and loan administrators from South Australia and the Northern Territory have been honoured at the Better... READ MORE
BID won’t change strategy; Aussie remains in limbo: Comyn
by • 13 Feb 2020
The Commonwealth Bank CEO does not expect the passage of the Best Interests Duty Bill to materially alter the bank’s... READ MORE
Mortgage title verification service launches
by • 13 Feb 2020
NSW Land Registry Services has launched a new mortgage title verification service, allowing lenders to accurately... READ MORE
Brokers urged to steer SMEs to commercial finance
by • 13 Feb 2020
Brokers are being urged to have conversations with SME owners about the availability of commercial finance options that... READ MORE
ACCC raises concerns about AFG-Connective merger
by • 12 Feb 2020
The competition watchdog has raised preliminary competition concerns about the proposed merger between Connective and... READ MORE
Revealed! The Top 25 Brokerages 2020
by • 12 Feb 2020
The 25 leading brokerages in Australia have been revealed in The Adviser’s annual ranking, with major brokerage... READ MORE
Capify eyes growth and M&As in 2020
by Annie Kane • 12 Feb 2020
The global CEO of SME lender Capify has revealed that the lender is focusing on growth in 2020, including potential... READ MORE
Suncorp CEO eager to ‘win back support’ from brokers
by • 12 Feb 2020
The group CEO of Suncorp has committed to improving the “speed, quality and consistency” of its service to brokers... READ MORE
Loan Market announces foreign currency partnership
by • 12 Feb 2020
The franchise brokerage has announced a new partnership, which will provide Loan Market brokers with access to... READ MORE
Timing and application of new misconduct rules questioned
by • 11 Feb 2020
Further concerns have been raised regarding new exposure draft legislation that will bring in new reference check and... READ MORE
ASBFEO calls for 30-day payment terms for SMEs
by • 11 Feb 2020
Introducing a mandatory supplier payment code, an industry-wide 30-day payment term and a “consistent small business... READ MORE
Major brokerage appoints new Queensland director
by • 11 Feb 2020
A former state relationship manager at the Commonwealth Bank of Australia has joined Loan Market as state director... READ MORE
Banks relax valuation policies
by • 11 Feb 2020
Major bank ANZ and non-major bank Gateway have loosened their credit and valuation policies.
READ MOREAssociations call for further guidance on BID
by • 10 Feb 2020
Association heads have welcomed the passage of the best interests duty through Parliament but outlined that further... READ MORE
Aggregators welcome passage of BID
by • 10 Feb 2020
Several aggregator heads have marked the passage of the Financial Sector Reform (Hayne Royal Commission Response –... READ MORE
Mortgage Choice partners with Pepper on new white label
by • 10 Feb 2020
The major brokerage has announced the launch of a specialist lending white label product suite, created in partnership... READ MORE

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