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Breaking News
Aussie searching for its first chief digital officer
by Reporter • 29 Oct 2018
The mortgage broking franchise is currently on the search for its first chief digital officer following a leadership...
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Bank announces new broker commission structure
by Annie Kane • 26 Oct 2018
Another large bank has announced that it will be changing broker remuneration “in line with Sedgwick...
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Bank imposes tighter credit policy
by Reporter • 26 Oct 2018
A non-major lender has updated its lender policy, now requiring brokers to provide “all credit-critical...
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Final day to respond to the RC
by Annie Kane • 26 Oct 2018
Anyone planning to submit a response to the financial services royal commission’s interim report must do so by 5pm...
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Another major bank changes broker commissions
by Charbel Kadib • 25 Oct 2018
Westpac Group has announced that it will introduce new changes to the way brokers are remunerated as part of a move to...
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Major brokerage appoints new CEO
by Charbel Kadib • 25 Oct 2018
A major mortgage brokerage has announced that it has appointed a new chief executive officer to help roll out the...
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Challenger banks back ‘critical’ broker channel
by Annie Kane • 25 Oct 2018
Three neobanks have outlined that they will be working closely with the “critical” third-party channel to...
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YBR to diversify offering as it aims to fill market ‘gap’
by Charbel Kadib • 25 Oct 2018
The group’s executive chairman, Mark Bouris, has outlined plans to broaden Yellow Brick Road’s loan offering, after...
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Brokerage sees drop in mortgages to big four
by Reporter • 25 Oct 2018
The big four banks’ share of broker-originated home loans is declining, with borrowers increasingly looking to...
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Homeloans and RESIMAC to consolidate
by Annie Kane • 24 Oct 2018
Non-bank lenders Homeloans Ltd and RESIMAC Ltd have announced that they are to consolidate into a single brand, subject...
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Mortgage Choice announces lender partnership
by Reporter • 24 Oct 2018
The broking franchise has announced the addition of a new lender to its panel, a move that would provide its network...
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New ‘mortgage warning’ platform launches
by Reporter • 24 Oct 2018
A cloud-based analytics platform that can provide early warning signs of issues in the mortgage market has been...
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Bank appoints new head of broker
by Charbel Kadib • 23 Oct 2018
Heritage Bank has appointed a new head of broker distribution, effective immediately.
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Australia’s ‘first’ blockchain lender sets sights on mortgages
by Annie Kane • 23 Oct 2018
Australia’s “first” mortgage blockchain lender, which is set to launch next year, is offering a crowdsourced...
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Consultation on mortgages a ‘fundamental human need’: ANZ CEO
by Annie Kane • 23 Oct 2018
The chief executive officer of ANZ has said that the need to talk to a person about buying a home is a “fundamental...
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White label loans gain popularity
by Reporter • 23 Oct 2018
Brokers and their customers have been endorsing white label home loan products, according to a new survey from...
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Nominations now open for Better Business Awards 2019
by Reporter • 23 Oct 2018
Nominations for The Adviser’s Better Business Awards 2019, made possible through the support of principal partner...
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CBA, Bankwest withdraw from reverse mortgage market
by Annie Kane • 22 Oct 2018
The last remaining major bank offering reverse mortgages and its subsidiary will withdraw their reverse mortgage...
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ASIC focusing on loan fraud within banks
by Annie Kane • 22 Oct 2018
The Australian Securities and Investments Commission has said that while the banks’ loan assessment processes have...
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CoreLogic names new head of real estate
by Reporter • 22 Oct 2018
The property data analytics provider announced that its group sales director, Geoff White, has been appointed as...
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Major bank CEO defends brokers
by Charbel Kadib • 22 Oct 2018
Shutting down the broking industry would be “extreme” and would have a “dramatic” impact on the Australian...
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ING appoints new head of third party
by Annie Kane • 19 Oct 2018
ING has announced that it has appointed a new head of third-party distribution and direct mortgages.
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Regulator reviews school financial literacy programs
by Annie Kane • 19 Oct 2018
The corporate regulator is set to review financial literacy and banking programs in primary schools to assess the...
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YBR takeover offer to expire today
by Annie Kane • 19 Oct 2018
Mercantile OFM’s off-market offer to acquire all of the ordinary shares in Yellow Brick Road will expire today, with...
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Brokers lament ‘patronising’ serviceability changes
by Reporter • 19 Oct 2018
The introduction of tighter serviceability measures has surprised most brokers who have always exercised due diligence...
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