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Breaking News
Non-majors update expense validation process
by reporter • 17 Sep 2019
BOQ and Heritage have both made updates to their processes for expense validation, effective immediately.
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Mutual bank updates serviceability calculator
by reporter • 17 Sep 2019
As of today, Teachers Mutual Bank will make changes to its loan origination servicing calculator, which will require...
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NAB announces support team for vulnerable customers
by Hannah Dowling • 17 Sep 2019
The big bank has responded to the ABA’s new Banking Code of Practice with the introduction of its Customer Support...
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Pepper launches mortgage offering in NZ
by Annie Kane • 16 Sep 2019
Non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, offering advisers in New Zealand...
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Fewer mortgage brokers writing commercial loans
by Charbel Kadib • 16 Sep 2019
Contrary to industry expectations, the MFAA has reported a decline in the number of commercial loans written by...
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SME lender buys Eclipx Commercial
by Hannah Dowling • 16 Sep 2019
SME lender Grow Asset Finance has purchased Eclipx Commercial for $14.6 million, as Eclipx divests its assets to reduce...
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Prospa launches education initiative
by Hannah Dowling • 16 Sep 2019
The SME lender has launched a new, interactive education program to assist brokers transition into SME lending.
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Broker commissions slide to historic low
by Charbel Kadib • 13 Sep 2019
The average annual commission earned by a broker has slipped to a record low, according to new MFAA research, which...
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New law would give ASIC greater banning powers
by Annie Kane • 13 Sep 2019
A consultation has launched for new legislation that would broaden the financial services regulator’s powers so it...
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TMB reveals ethical short-term deposits
by Hannah Dowling • 13 Sep 2019
The bank has announced that all future wholesale short-term deposits have been ethically certified, the latest TMB...
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CUA appoints new CEO
by Hannah Dowling • 12 Sep 2019
The credit union has announced that it will promote its chief sales officer to CEO on 1 November 2019.
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ASIC to release loan fraud report next month
by Annie Kane • 12 Sep 2019
The financial services regulator has revealed that it is to release a major publication on loan fraud next month, which...
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How to ask R U OK?
by Annie Kane • 12 Sep 2019
R U OK? Day non-executive director Graeme Cowan shares his tips and strategies for starting the mental health...
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Adelaide Bank cuts fixed rates by up to 60 bps
by Charbel Kadib • 12 Sep 2019
The non-major has reduced fixed rates across its owner-occupied and investment home loan products offered exclusively...
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Purple Circle welcomes 100% LVR lender to its panel
by Hannah Dowling • 12 Sep 2019
The aggregator has welcomed Granite Home Loans to its panel, giving its brokers access to no-deposit home loans for...
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Bank bracing for ‘busy’ season through broker channel
by Charbel Kadib • 11 Sep 2019
A non-major bank is preparing for an anticipated spike in home loan volumes over the coming months by bolstering its...
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ASIC to prolong HEM dispute with Westpac
by Charbel Kadib • 11 Sep 2019
The corporate regulator will contest the Federal Court’s decision to dismiss its responsible lending case against...
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ING revises commercial lending policies
by Hannah Dowling • 11 Sep 2019
The bank has announced changes to its commercial lending policies, which include a doubling of the minimum loan amount...
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Loan Market launches ‘on-demand’ lead service
by Reporter • 11 Sep 2019
The aggregator has announced the launch of a lead-generation tool that promises to deliver on-demand lead prospects to...
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Banks offer relief for bushfire victims
by Annie Kane • 10 Sep 2019
Several lenders, including major banks, have announced that they will be providing emergency assistance packages for...
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Connective enhances expense verification process
by Reporter • 10 Sep 2019
The aggregator has announced the launch of an integrated solution for borrower expenses verification.
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Why everyone needs a good broker
by Hannah Dowling • 10 Sep 2019
Award-winning broker Deslie Taylor shares her insights into why using a broker is the best way to go, and the most...
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New bank outlines support of broker channel
by Annie Kane • 9 Sep 2019
Fintech lender Xinja has been granted a full banking licence by APRA, announcing that it will look to launch lending...
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How this broker provides award-winning customer service
by Hannah Dowling • 9 Sep 2019
Education and “nurturing” client relationships are key to the success of an award-winning brokerage, according to...
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Suncorp partners with FBAA to promote broker wellbeing
by Reporter • 9 Sep 2019
The non-major bank has announced that it will be hosting a wellbeing workshop for brokers alongside the FBAA.
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