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Interact with people

Borrowers want to interact with people, says fintech CEO
by Reporter • 22 Nov 2017
The CEO of online mortgage broker uno Home Loans has said that the company is looking to hire more home loan... READ MORE
AMP

AMP introduces additional expense requirements
by Reporter • 21 Nov 2017
Mortgagors will soon be required to provide brokers with supporting documentation about their living expenses when... READ MORE
Fintech 100 list

Aussie lenders make Fintech 100 list
by Reporter • 21 Nov 2017
Ten Australian companies have been listed in KPMG’s Fintech 100 list, which identifies the top 50 fintech firms... READ MORE
loan market damien mark mills broker death gavel

Loan Market broker’s death ruled ‘accidental’
by Reporter • 21 Nov 2017
The WA coroner has ruled that the incident involving Damien Mark Mills, a Loan Market broker who drowned in 2014... READ MORE

Broker share to reach 60% by 2020, says Aussie
by Reporter • 20 Nov 2017
The chief executive officer of Aussie Home Loans, James Symond, has said that he expects broker market share to soar... READ MORE
mystate bank cut ties s&p scissors

Tasmanian lender cuts ties with S&P
by Reporter • 20 Nov 2017
MyState Bank has broken ties with Standard and Poor’s following the latest credit rating issued by the market... READ MORE
Broker market share reaches ‘record’ high

Broker market share reaches ‘record’ high
by Reporter • 20 Nov 2017
Brokers settled 55.7 per cent of all residential mortgages in the September 2017 quarter, new industry data has... READ MORE
Office documents

Brokers ‘can’t accept paperwork at face value’, warns aggregator
by Reporter • 20 Nov 2017
The general counsel for a major aggregator has warned that brokers need to be “drilling down” on paperwork, as the... READ MORE
Heritage Bank

Regional bank becomes 22nd lender on Aussie panel
by Reporter • 17 Nov 2017
Toowoomba-based lender Heritage Bank has become the 22nd member of Aussie’s lender panel, and the third member to... READ MORE
Question, broking industry, value proposition

Broking industry asked to take survey on value proposition
by Reporter • 17 Nov 2017
Brokers, aggregators and those affiliated with the broker channel are being asked to respond to a survey that aims to... READ MORE

Major bank fires staff over ‘incorrect’ home loan applications
by Reporter • 16 Nov 2017
NAB has announced that it has fired 20 bankers in NSW and Vic, disciplined 32 people and begun remediation for... READ MORE
Arrears drop for second month in a row

Arrears drop for second month in a row
by Reporter • 16 Nov 2017
Mortgage arrears for prime residential mortgage-backed securities have fallen, according to data from S&P Global... READ MORE
Brokers believe mortgagors should get help in native tongue

Brokers believe mortgagors should get help in native tongue
by Staff reporter • 16 Nov 2017
Nearly 80 per cent of brokers believe that borrowers who are not fluent in English should get help with their home loan... READ MORE
Economic outlook an ‘encouraging’ sign for brokers

Economic outlook an ‘encouraging’ sign for brokers
by Reporter • 16 Nov 2017
New economic data has revealed that Australians believe business conditions have improved, which the Finance Brokers... READ MORE
Financial support

Marriage debate highlights LGBTQI financial needs
by Reporter • 16 Nov 2017
Following on from the marriage law postal survey results, a subsidiary of a major bank has highlighted the need to... READ MORE
Temenos clarifies ‘non R&O compliant’ statement

Temenos clarifies ‘non-R&O compliant’ statement
by Reporter • 16 Nov 2017
Banking software provider Temenos has released a statement clarifying that its eLodge+ platform is “100 per cent... READ MORE
NAB

NAB campaign streamlines broker tools
by Reporter • 15 Nov 2017
National Australia Bank has launched a new campaign that aims to “empower” brokers with a streamlined loan... READ MORE
Advantedge relaunches white label home loans

Advantedge relaunches white label home loans
by Reporter • 15 Nov 2017
Advantedge Financial Services has relaunched its white label home loans, which are now being made available through... READ MORE
peer to peer lending australia central bank money

‘Predatory loans’: Central bank slams P2P lending

by James Mitchell • 15 Nov 2017
Peer-to-peer lending platforms in the US have been likened to the subprime mortgages that triggered the global... READ MORE
Fraud warning to brokers

Major aggregator issues fraud warning to brokers
by James Mitchell • 14 Nov 2017
One of the industry’s largest aggregators has said that brokers are “on the front line” of preventing mortgage... READ MORE
AMP

AMP reveals changes to loan rules
by Reporter • 14 Nov 2017
The challenger bank has announced that it will be making changes to the way it processes and reports loans so that they... READ MORE
Retirement, leaving the door

‘End of an era’ for Homeloans Ltd
by Reporter • 14 Nov 2017
The co-founder of non-bank mortgage provider Homeloans Ltd, Robert Salmon, has retired from the board, 32 years after... READ MORE
Westpac

Westpac Group’s R&O requirements now live
by Reporter • 14 Nov 2017
The major bank and its subsidiaries now require brokers to submit additional Requirements & Objectives questions... READ MORE
Scottish Pacific appoints new CFO

Scottish Pacific appoints new CFO
by Reporter • 14 Nov 2017
Scottish Pacific Group has appointed David Rose as its new chief financial officer and company secretary. READ MORE
Brokers ‘are working harder than ever’

Brokers ‘are working harder than ever’
by Reporter • 13 Nov 2017
A new marketplace lender has released a whitepaper highlighting that the complex lending market is leading to brokers... READ MORE