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Brokers

Morningstar mulls impact of scrapping comms
by Charbel Kadib • 17 Dec 2018
A move to adopt a consumer-pays broker remuneration model would have a “major impact” on demand for brokers,... READ MORE
Money lender

Lender looks to triple growth through broker channel
by Annie Kane • 17 Dec 2018
A marketplace lender has surpassed its target for loan origination through the broker channel, and is aiming to triple... READ MORE
Pile of money

Aggregator’s loan book hits $70bn
by Reporter • 17 Dec 2018
The total value of an aggregator’s loan portfolio has reached $70 billion, driven by a rise in loan settlements at... READ MORE

Brokerage CEO reveals ‘the most important thing a broker does’
by Annie Kane • 14 Dec 2018
Problem-solving and offering transparency and education around mortgages are some of the most important aspects of... READ MORE
Document

Bank CEO urges RC to consider ACCC findings

by Charbel Kadib • 14 Dec 2018
The CEO of a non-major bank has called on the financial services royal commission to reflect on the findings of the... READ MORE
Applause

FBAA welcomes ASIC reduction of fees
by Reporter • 14 Dec 2018
The Finance Brokers Association of Australia has welcomed the news that ASIC has reduced the cost of acting as a... READ MORE
Magnifying glass over document

Non-bank tightens expense reporting obligations
by Reporter • 14 Dec 2018
A non-bank lender has announced changes to its credit policy, effective immediately for all new home loan... READ MORE
Court and gavel

Major mortgage class action dropped
by Annie Kane • 13 Dec 2018
A class action lawsuit that was being planned on behalf of “Australian bank customers that have entered into mortgage... READ MORE
AFG

ACCC report highlights need to preserve broker model: AFG
by Charbel Kadib • 13 Dec 2018
It would be “unfathomable” for policymakers to consider regulatory change that would undermine the competitive... READ MORE

Last day to complete the Borrower Experience Survey
by Reporter • 13 Dec 2018
There are just 24 hours left to share and respond to The Adviser’s Borrower Experience Survey undertaken by Momentum... READ MORE

‘Welcome lift’ in loan approvals bucks downward trend
by Reporter • 13 Dec 2018
The October rise in home loan approvals could “signal a reversal” in the market, but tighter credit conditions are... READ MORE
Explaining

ACCC report represents ‘opportunity’ for brokers

by Annie Kane • 12 Dec 2018
A new report into mortgage pricing has shown that a lack of transparency is stifling competition, with the heads of... READ MORE
Mobile phone

New app to supplement brokers’ value
by Reporter • 12 Dec 2018
A fintech has announced the launch of a new financial health app for mortgage brokers to offer their clients under... READ MORE

Virgin Money changes broker remuneration
by Annie Kane • 11 Dec 2018
The non-bank lender has announced that it will update the way it calculates broker commissions from 1 January 2019. READ MORE
Arrow up

Aggregator reports 26% growth post-merger
by Reporter • 11 Dec 2018
Finsure’s loan book grew by 26 per cent year-on-year following its merger with a Western Australian bank. READ MORE
Pen and paper

Major bank announces credit policy changes
by Charbel Kadib • 11 Dec 2018
A big four bank has updated its credit policy to require brokers to provide supporting commentary, which explains... READ MORE

Loan Market adds new lender to panel
by Reporter • 11 Dec 2018
The broking franchise has announced the addition of a new member to its lender panel. READ MORE

Melbourne couple convicted after breaching banning order
by Reporter • 11 Dec 2018
A Victoria-based couple have been fined $5,000 each after being convicted of engaging in credit activities in breach of... READ MORE

Consolidation of lenders to be ‘big theme’ in 2019
by Annie Kane • 10 Dec 2018
Following Macquarie’s announcement that it will cease offering new white-label loans, the joint CEO of a non-bank... READ MORE
handshake

Brokerage announces new appointments
by Reporter • 10 Dec 2018
A national mortgage brokerage has announced the appointment of a new general manager of operations and a new state... READ MORE
Karen Chester

Productivity commissioner becomes new ASIC deputy chair
by Annie Kane • 10 Dec 2018
The government has appointed a new deputy chair to the Australian Securities and Investments Commission following the... READ MORE

Neo-lender appoints first broker head

by Annie Kane • 7 Dec 2018
A digital lender has appointed its first national manager for broker distribution to help develop its broker offering... READ MORE
Australian money

Expenses to be one of 2019’s ‘biggest challenges’: ING
by Annie Kane • 7 Dec 2018
The “operationalisation” of borrower living expenses will be one of industry’s “biggest challenges” next... READ MORE
Whistle

ASIC whistle-blower issues warning to brokers
by Charbel Kadib • 7 Dec 2018
The co-founder and director of a nationally recognised brokerage has issued a warning to his peers after being a... READ MORE
Arrow up

Bank hikes rates, reintroduces home loan fee
by Charbel Kadib • 7 Dec 2018
A regional bank has increased interest rates on its investor loan products and has introduced an establishment fee on... READ MORE