Mortgage and Finance Brokers Breaking News - The Adviser

Advantedge appoints new GM

by Hannah Dowling • 22 Apr 2020

NAB-owned wholesale funder Advantedge Financial Services has announced the appointment of a new general manager,... READ MORE

COVID-19 rocks broker sentiment: survey

by Malavika Santhebennur • 22 Apr 2020

The COVID-19 pandemic has had a major impact on mortgage brokers and their businesses, with many demanding more... READ MORE

NAB introduces mandatory VOI changes

by Hannah Dowling • 22 Apr 2020

The major bank has announced new, compulsory measures for brokers to meet identity verification requirements during the... READ MORE

Westpac amends loan approval process

by Reporter • 22 Apr 2020

The major bank has introduced a number of changes to its home loan settlement process, which includes the introduction... READ MORE

NAB clamps down on serviceability

by Charbel Kadib • 21 Apr 2020

The major bank has introduced new requirements for serviceability assessments in lieu of the current virus-induced... READ MORE

ASBFEO calls for new supply chain finance legislation

by Hannah Dowling • 21 Apr 2020

The small business ombudsman’s final report from the supply chain finance review has been released, calling on the... READ MORE

Bankwest updates credit policy, process and valuations

by reporter • 21 Apr 2020

Brokers will need to submit a new COVID-19 form for all new mortgage applications and applications in progress, as part... READ MORE

Loan Market signs JV with utility services firm

by Malavika Santhebennur • 21 Apr 2020

The major brokerage has embarked on a joint venture with utility connection company, Compare & Connect. READ MORE

CBA to move to minimum repayments next week

by Annie Kane • 20 Apr 2020

The big four bank will automatically move mortgage customers to minimum P&I repayments next week to provide... READ MORE

Westpac gains broker business despite processing lags

by Charbel Kadib • 20 Apr 2020

The major bank and its subsidiaries have outpaced competitors in the broker channel despite higher than average... READ MORE

Bank expands membership criteria

by Charbel Kadib • 20 Apr 2020

A mutual bank has revised its constitution to broaden its membership criteria and allow a larger pool of borrowers to... READ MORE

Heritage launches new SME product

by Hannah Dowling • 20 Apr 2020

The non-major has revealed a new product following its inclusion in the government’s Coronavirus SME Guarantee... READ MORE

Broker-originated loan sizes bounce nationwide

by Charbel Kadib • 17 Apr 2020

The average size of broker-originated loans increased across every state and territory in the March quarter, in line... READ MORE

FAST joins BID preparation calls

by reporter • 17 Apr 2020

FAST has joined the call for brokers to start preparing for the introduction of the best interests duty, ahead of its... READ MORE

Asset finance surging amid COVID-19

by reporter • 17 Apr 2020

Personal and asset finance platform Nodifi has revealed that demand for asset finance from some business industries has... READ MORE

Brokers alerted to online scams

by Malavika Santhebennur • 17 Apr 2020

Brokers are being urged to be wary of scam emails claiming to be from regulators or lenders during the COVID-19... READ MORE

Top tips for staying across your legal obligations

by Annie Kane • 16 Apr 2020

The heads of a lender, aggregator and brokerage have shared their top three tips for brokers looking to stay across... READ MORE

Court backs ASIC’s ban on short-term lending model

by Annie Kane • 16 Apr 2020

The Federal Court has dismissed an appeal made by a short-term lender to overturn ASIC’s product intervention order... READ MORE

ING imposes new lending restrictions

by Reporter • 16 Apr 2020

The non-major has announced a number of changes to its credit policy, which includes the exclusion of casual and... READ MORE

Broker flooded with COVID-19 support queries

by Malavika Santhebennur • 16 Apr 2020

Borg Financial’s Christopher Borg spoke about how his clients are in a state of panic over their financial future in... READ MORE

Non-banks appointed to SME guarantee scheme

by Hannah Dowling • 15 Apr 2020

Several non-bank lenders have been announced as official participants of the government’s SME guarantee scheme,... READ MORE

CIF welcomes new co-chairs

by Annie Kane • 15 Apr 2020

The Combined Industry Forum has announced who will replace Anthony Waldron and Mark Haron as leaders of the group... READ MORE

FBAA releases broker support package