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Breaking News
Cloud portal boosts broker efficiency by 75%
by Reporter • 28 Mar 2018
Document collection and processing platform ezidox has announced enhancements to its cloud portal that could...
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Former NAB execs officially launch new SME lender
by Tas Bindi • 28 Mar 2018
Judo Capital, a new lender focused on the SME market, has launched officially in Melbourne and says it is on track to...
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Royal commission scrutinises broker remuneration
by Reporter • 28 Mar 2018
In its closing address, the royal commission called on parties involved in the hearings to provide answers to further...
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Commission analyses expenses and benchmarking
by Reporter • 28 Mar 2018
The royal commission is calling for more information regarding verification of expenses and whether the use of...
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Online lender launches new loan portal
by Reporter • 27 Mar 2018
A custom-built introducer portal designed to facilitate fast, real-time processing of loan applications for brokers has...
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Vow awards top commercial brokers
by James Mitchell • 27 Mar 2018
The aggregator has honoured its top commercial performers at its annual commercial conference on the Gold Coast.
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Aggregator takes aim at PC report
by Reporter • 27 Mar 2018
A major aggregator has strongly criticised the Productivity Commission’s assessment of the broking industry.
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PC has ‘overlooked’ important broker work
by 2018-03-26 16:56:00 • 26 Mar 2018
A Perth-based brokerage says that the Productivity Commission has failed to recognise that brokers educate their...
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Regional bank announces MD replacement
by Reporter • 26 Mar 2018
A lender has announced a replacement for its long-serving managing director.
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IO loan demand falls by 20% in 12 months
by Reporter • 26 Mar 2018
Brokers are writing significantly fewer interest-only loans as borrower demand plummets, new data from Mortgage Choice...
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Brokerage invites PC and regulators to broker training
by Reporter • 26 Mar 2018
Home Loan Experts has extended an “open invitation” to the Productivity Commission, ASIC and APRA to its mortgage...
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Choice adds new lender to its panel
by Reporter • 26 Mar 2018
Choice Aggregation Services has announced that it has added a non-bank lender to its panel.
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Major aggregator tracking broker risk patterns
by James Mitchell • 23 Mar 2018
Vow Financial is ramping up its compliance processes by monitoring granular data of loan applications to identify poor...
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Xinja co-founder calls for increased broker disclosure
by Reporter • 23 Mar 2018
The co-founder of the newly licensed neo-bank has called for increased disclosure from mortgage brokers regarding...
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‘No evidence’ that brokers limit switching: NAB
by Reporter • 23 Mar 2018
Broker-originated loans are refinanced at “more than double” the rate of direct-channel loans, the major bank...
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Fees for service would only benefit major banks: AFG
by Reporter • 23 Mar 2018
Introducing fees for service would cause a “major disruption” in the finance industry, be a “clear...
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PC ‘has erred’ in its approach to brokers: FBAA
by Reporter • 23 Mar 2018
The Finance Brokers Association of Australia has told the Productivity Commission that it “has erred in its approach...
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MFAA hits back at trail and fee-for-service claims
by Reporter • 22 Mar 2018
The association has told the Productivity Commission that it has “serious concerns” with a statutory best interests...
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Commissioner suggests trail could be paid to borrowers
by Reporter • 22 Mar 2018
The chairman of the Productivity Commission has restated his concern regarding the payment of trail commission, warning...
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2 new categories for Australian Broking Awards announced
by Reporter • 22 Mar 2018
In recognition of the importance of nurturing new talent in the broking industry, two new awards have been created for...
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CBA calls for more IO justification
by Reporter • 21 Mar 2018
The Commonwealth Bank of Australia has made updates to its broker process when customers choose interest-only...
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APRA curbs had ‘significant impacts’ on broker relations
by Staff Reporter • 21 Mar 2018
Australia’s mutual banks have argued that macro-prudential measures have created reputation and trust issues and...
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ANZ admits mortgage remediation was ‘not good enough’
by Reporter • 21 Mar 2018
The financial services royal commission has placed ANZ’s remediation program under intense scrutiny, after the bank...
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Association slams royal commission reporting
by Reporter • 21 Mar 2018
The Finance Brokers Association of Australia has called out mainstream media reports on brokers, which it states are...
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Major banks under the microscope
by Reporter • 21 Mar 2018
What do you think of the major banks? Momentum Intelligence, in partnership with The Adviser, is calling on brokers to...
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