Breaking News

Industry to defend trail commissions

Industry to defend trail commissions
by James Mitchell • 1 Mar 2018
The Combined Industry Forum is expected to highlight the benefits of trail commission to the Productivity Commission... READ MORE
New tool to simplify lending process

New tech tool to simplify lending process
by Reporter • 28 Feb 2018
Technology service provider NextGen.Net has launched an electronic tool to further digitise the loan application... READ MORE
Broker commissions ‘far aligned’ from customer interests

Broker commissions ‘far aligned’ from customer interests: PC
by James Mitchell • 28 Feb 2018
The chairman of the Productivity Commission has said that while it may be in the interests of the bank and the broker... READ MORE
Brokers

Filling ‘data gap’ would benefit broking, say associations
by Reporter • 28 Feb 2018
Improving transparency and the data available on the broking industry and banking is “in everyone’s interests”... READ MORE
Cash, money, dollars

Brokers settled $200bn of loans in 2017
by James Mitchell • 27 Feb 2018
Broker market share has continued to rise over the December quarter, according to fresh figures from MFAA. READ MORE
Arrow down, drop

YBR settlements drop by 2%
by Reporter • 27 Feb 2018
The brokerage has announced its results for the first half of the financial year, revealing that although profits... READ MORE
Royal commission hearing to look at fraud and accreditations

Royal commission hearing to look at fraud and accreditations
by Reporter • 27 Feb 2018
The first public hearings for the royal commission will focus on NAB’s introducer program and fraudulent loan... READ MORE
Bluestone Mortgages Asia Pacific acquired by US firm

Bluestone Mortgages Asia Pacific acquired by US firm
by Reporter • 27 Feb 2018
Private investment firm Cerberus Capital Management, L.P. has acquired specialist lender Bluestone Mortgages Asia... READ MORE
ANZ tightens IO lending

ANZ tightens IO lending
by Reporter • 26 Feb 2018
The major bank has announced that full income verification will be required from clients that wish to switch or... READ MORE
Broker scrutiny a ‘backhand compliment'

Broker scrutiny a ‘backhand compliment’, says AFG boss
by James Mitchell • 26 Feb 2018
AFG chief executive David Bailey is encouraging brokers to provide submissions to the Productivity Commission, adding... READ MORE
Mortgage

‘Essential’ brokers advising Xinja on mortgage strategy
by Reporter • 26 Feb 2018
The chief executive of banking disruptor Xinja has revealed that mortgage brokers have been involved in the group’s... READ MORE
MyState reports 15% growth in broker settlements

MyState reports 15% growth in broker settlements
by Reporter • 23 Feb 2018
Broker-originated mortgages accounted for 74.5 per cent of settlements, according to the lender’s half-year results,... READ MORE
Broker have ‘key role’ in communicating CCR changes

Brokers have ‘key role’ in communicating CCR changes
by Staff Reporter • 23 Feb 2018
Online lender RateSetter is calling on brokers to help combat misunderstanding and fear about changes to comprehensive... READ MORE

Royal commission releases mortgage broking report
by Reporter • 23 Feb 2018
In its second background paper, the Royal Commission into Misconduct in the Banking, Superannuation and Financial... READ MORE

The top brokers, BDMs and offices of South Australia
by Reporter • 23 Feb 2018
Keith Caine, of Mortgage Choice Glenelg, has been awarded as SA’s Best Residential Broker and Broker of the Year at... READ MORE
Fall, arrow down

Mortgage Choice reports 6% fall in broker settlements
by Reporter • 23 Feb 2018
Loan settlements originated through the broker channel dropped by 6 per cent in the first half of FY18, despite growth... READ MORE
Former NAB GM joins MSA National

Former NAB GM joins MSA National
by Reporter • 22 Feb 2018
David Berry, a former general manager of broker operations at NAB, has joined law firm MSA National as associate... READ MORE
Banknotes, money, Australian dollars

Homeloans settlements surpass $2bn
by Reporter • 22 Feb 2018
The non-bank lender has announced that its loan settlements have risen by 27.5 per cent in a year, rising to $2.2... READ MORE
New data breach law comes into effect today

New data breach law comes into effect
by Reporter • 22 Feb 2018
Beginning 22 February, some brokers are legally required to report to both government and affected individuals... READ MORE

ASIC flags conflicts of interest for brokers
by Reporter • 22 Feb 2018
The financial services regulator has backed claims from the Productivity Commission that “there are conflicts of... READ MORE
josh egan building blocks refinancing interest only loans proactive

Brokers should be ‘proactive’ in refinancing IO clients
by Reporter • 22 Feb 2018
Melbourne-based broker Josh Egan says that brokers should be “proactive” and offer refinancing to interest-only... READ MORE
Partnership

La Trobe Financial adopts Virtual VOI
by Reporter • 21 Feb 2018
The specialist lender has partnered with e4 Australia to become the first lender to adopt the tech company’s Virtual... READ MORE
Charging fees would be anti-competitive, warns aggregator head

Charging fees would be anti-competitive, warns aggregator head
by Tas Bindi • 21 Feb 2018
Competition would decrease in the Australian financial system if consumers were forced to pay brokers a fee, the... READ MORE
calculator pencil paul ryan remuneration incorrect figures

Broker rejects PC report’s ‘incorrect’ remuneration figures
by James Mitchell • 21 Feb 2018
An industry veteran has rejected the Productivity Commission’s claims that brokers receive more than $4,600 in... READ MORE
Facebook

Facebook referral helped broker settle millions
by Reporter • 21 Feb 2018
A broker has advocated the use of social media as a “very powerful” tool for lead generation. READ MORE