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AFG launches new insurance program

AFG launches new insurance program
by Staff reporter • 13 Nov 2017
The major aggregator has announced the appointment of Lifebroker to its life insurance referral program. READ MORE

‘World-first’ home loan auction platform launches
by Reporter • 13 Nov 2017
The “world’s first auction-style platform” for loans and deposits has launched, enabling consumers to tender... READ MORE
Handshake, deal

Bluestone closes $300m RMBS
by Reporter • 10 Nov 2017
Specialist lender Bluestone Mortgages has closed a $300 million RMBS transaction, taking the company’s capital... READ MORE

ING pulls back residential offering for non-individual borrowers
by Reporter • 10 Nov 2017
Effective immediately, ING DIRECT will no longer provide non-individual borrowers, such as trusts and companies, with... READ MORE

Ex-CBA employee charged for role in $36m ‘fraud conspiracy’
by Reporter • 10 Nov 2017
A former employee of the Commonwealth Bank of Australia has been charged with conspiracy to defraud the bank, after... READ MORE
Brokers

Opinion: What does a broker do?
by Reporter • 10 Nov 2017
If you were to describe your job to a new client, what would you say? Would you call yourself a broker? A loan writer?... READ MORE
Banks have created ‘SLAs on top of SLAs’ by outsourcing

Banks have created ‘SLAs on top of SLAs’ by outsourcing
by James Mitchell • 9 Nov 2017
In an effort to cut costs, banks have actually reduced efficiencies and created more headaches for brokers and their... READ MORE
Mortgage industry companies among fastest growing

Mortgage industry companies among fastest growing
by Reporter • 9 Nov 2017
Several companies in the mortgage and finance space have been recognised as the fastest growing businesses in the... READ MORE
Draft changes for GST on new property purchases announced

Draft changes for GST on new property purchases announced
by Staff reporter • 9 Nov 2017
Following the announcement of the 2017–18 budget, the Treasury has released the draft legislation for how GST will... READ MORE
Warning

Broker boom ‘unsustainable’, warns MFAA CEO
by Reporter • 9 Nov 2017
The number of finance brokers has increased by 3.3 per cent, a level which could be unsustainable, according to... READ MORE
Government ‘has got it wrong’ on CCR: FBAA

Government ‘has got it wrong’ on CCR: FBAA
by Reporter • 9 Nov 2017
Concerns have been raised that the new mandatory comprehensive credit reporting regime could produce negative consumer... READ MORE
Financial security

Property investors 'don't need to worry' about financial security
by Lucy Dean • 8 Nov 2017
A property consultant is confident that Australians don’t need to worry about financial security if they have a real... READ MORE
Launch

Consultation launches on new ASIC powers
by Reporter • 8 Nov 2017
ASIC could soon have the power to direct brokers in the conduct of their business where necessary to address or prevent... READ MORE
Predictive machine learning could come to mortgages

Predictive machine learning could come to mortgages
by Reporter • 8 Nov 2017
Big data and machine learning could soon help lenders offer tailored mortgages based on the real-time financial... READ MORE
NAB

NAB ‘open for business’ on IO, investor loans
by James Mitchell • 7 Nov 2017
The effectiveness of APRA’s regulatory actions over the last year has left the major lender with plenty of capacity... READ MORE
RBA

RBA holds cash rate at record low
by Reporter • 7 Nov 2017
The Reserve Bank of Australia has today announced the official cash rate for November, following its monthly board... READ MORE
Broker, house key

Brokers should ‘move away from being a broker’
by Reporter • 7 Nov 2017
As technology and artificial intelligence make loan processing easier to automate, brokers should be looking to move... READ MORE
nab broker share

‘A very good year’: NAB grows broker share by 22%
by James Mitchell • 7 Nov 2017
The major bank says that it is committed to eliminating channel conflict and stands by its position on broker... READ MORE
bankwest broker head ian rakhit

Bankwest names new broker head
by Staff reporter • 6 Nov 2017
The CBA subsidiary has announced on 6 November the appointment of a new general manager of third-party distribution. READ MORE
Westpac

Westpac closes 58 branches in digital push
by Staff reporter • 6 Nov 2017
The major lender has revealed that the first mortgages have been originated on its new banking and wealth platform as... READ MORE
Vaughan Fowler

Aussie GM to run new Cronulla store
by Reporter • 6 Nov 2017
Aussie’s former general manager of distribution, Vaughan Fowler, has decided to leave his head office role to become... READ MORE
Stephen Bulter

The broker of the future: Fintech CEO outlines his vision
by Annie Kane • 6 Nov 2017
The adoption and progression of artificial intelligence could enable brokers to provide a more customised and valuable... READ MORE

Microsoft-based platform targets brokers
by Reporter • 3 Nov 2017
CRM platform FinPal is looking to bridge the data gap between financial planners and mortgage brokers. READ MORE
Rates, data, record

Fixed rates linger at record highs
by Reporter • 3 Nov 2017
New figures released by Mortgage Choice reveal that demand for fixed rate mortgages continue to “hover” at record... READ MORE
Cash

Major aggregator to profit from credit changes
by Reporter • 3 Nov 2017
Vow Financial is ready to fill the void left by major lenders by “increasing uptake” of its own branded,... READ MORE