Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

YBR announces raft of new appointments

by Annie Kane • 12 Nov 2018

The former head of broker services at Aussie Home Loans has been made YBR’s new head of operations, amid a swathe of...READ MORE

Major banks in favour of ‘customer first duty’ for brokers

by Tas Bindi • 12 Nov 2018

The major banks have agreed that an appropriately crafted best interests duty for brokers, different to that applied to... READ MORE

Bank proposes introduction of standardised commissions

by Charbel Kadib • 12 Nov 2018

Introducing an industry standard commission paid to brokers irrespective of the lender would help remove perverse... READ MORE

Lender enhances marketing kit for brokers

by Reporter • 12 Nov 2018

A non-bank lender has enhanced its marketing toolkit for brokers to help promote their services on social... READ MORE

Brokerage slams bank involvement on broker comms

by Annie Kane • 9 Nov 2018

A leading mortgage broking group has warned the royal commission that “asking banks to redesign the broker... READ MORE

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Macquarie restricts SMSF loan offering

by Charbel Kadib • 9 Nov 2018

The non-major lender has said that it will only offer SMSF property lending through brokers with existing SMSF... READ MORE

Major banks reveal thoughts on broker remuneration to RC

by Annie Kane • 8 Nov 2018

The major banks have all voiced their support of the Combined Industry Forum’s broker remuneration reform package,... READ MORE

Bank announces remuneration changes

by Charbel Kadib • 8 Nov 2018

A lender has announced changes to its broker remuneration model, which include changes to partial repayment... READ MORE

FBAA warns RC over further disclosure on remuneration

by Annie Kane • 8 Nov 2018

The association has lodged its response to the royal commission’s interim report, arguing that brokers should not be... READ MORE

Regional bank mulling merger with credit union

by Reporter • 8 Nov 2018

A regional bank and credit union are discussing a potential merger that would bulk up their combined asset size to more... READ MORE

Loan Market rolls out collaboration platform to boost efficiency

by Reporter • 8 Nov 2018

The broking franchise has rolled out a new digital professional development platform designed for brokers seeking to... READ MORE

Mutual bank raises fixed rates for owner-occupiers

by Reporter • 7 Nov 2018

A mutual bank has lifted its fixed rates on owner-occupier mortgages by 10 basis points.

Digitisation to be key focus for major banks

by Annie Kane • 7 Nov 2018

Improving processes and customer service through better digital experiences and smarter use of data will be the key... READ MORE

RBA announces November cash rate

by Charbel Kadib • 6 Nov 2018

The central bank has announced its cash rate decision for the month of November following its monthly board... READ MORE

Westpac to roll out digital mortgage process to brokers

by Annie Kane • 6 Nov 2018

The big four bank has announced that it will roll out a new, fully digital home loan application offering to the broker... READ MORE

1 in 10 brokers say customers could be in serious debt

by Reporter • 6 Nov 2018

A new survey of brokers signals “tough times ahead” for mortgagors, with one in 10 suggesting that many of their... READ MORE

RC hearings to look at regulatory reform

by Annie Kane • 5 Nov 2018

The upcoming round of public hearings for the financial services royal commission will focus on misconduct and conduct... READ MORE

ING cuts investor fixed rates, raises OO rates

by Reporter • 5 Nov 2018

The non-major bank has cut its fixed rates on investment loans by up to 36 basis points while lifting its fixed rates... READ MORE

Macquarie unfazed by threat of broking reform

by Charbel Kadib • 5 Nov 2018

The non-major bank has said that it is “well positioned” in the broking space, stating that potential regulatory... READ MORE

How content catapulted one broker’s credibility

by Tas Bindi • 5 Nov 2018

The power of digital platforms as a credibility builder cannot be questioned, according to an elite broker whose... READ MORE

FHBs to benefit most from CCR

by Reporter • 5 Nov 2018

First home buyers will be the borrowing segment that will benefit most from comprehensive credit reporting, according... READ MORE

Brokers driving competition, pulling away from majors: MFAA

by Annie Kane • 2 Nov 2018

The third-party channel settled nearly $200 billion of home loans in the year to March, with a record share going to... READ MORE

Brokers, wholesale funder spur major bank lending rise

by Charbel Kadib • 2 Nov 2018

A big four bank has reported that the third-party channel has originated $9 billion in home loans over the past 12... READ MORE

Heartland Group starts trading on the ASX

by Tas Bindi • 2 Nov 2018

Heartland Group Holdings, under which its Australian reverse mortgage business operates, has begun trading on the... READ MORE

New mental health program to be rolled out for brokers

by Reporter • 2 Nov 2018

A mental health program trialled with brokers this week has been positively received and is expected to be rolled out... READ MORE

Major bank ‘highly dependent’ on brokers, says CEO

by Charbel Kadib • 1 Nov 2018

A big four bank has noted the “valuable” contribution that brokers have played in its mortgage growth and has... READ MORE

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Aggregator triples loan volumes

by Reporter • 1 Nov 2018

A mortgage aggregator has announced that it has increased its settlement volumes by 230 per cent in the past 12... READ MORE

BDM leaves bank to set up brand coaching business

by Reporter • 1 Nov 2018

Suncorp’s Perth business development manager, Dino Pacella, is to leave the bank next week to set up his own brand... READ MORE

CBA appoints CEO of new ‘demerged’ broking business

by Annie Kane • 31 Oct 2018

The Commonwealth Bank of Australia has announced today that it has appointed a CEO and CFO for its “demerged”... READ MORE

Greens call for ownership reform in broking industry

by Charbel Kadib • 31 Oct 2018

Broking institutions should be “separately owned” from the institutions that “originate the products they sell”... READ MORE

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