Breaking News

Increase, satisfaction, brokers

Customer advocacy for brokers at ‘all-time high’: Advantedge
by Reporter • 16 Apr 2018
The satisfaction level among borrowers who used a broker to secure a white label mortgage is at a record high,... READ MORE
broker interview

Major lenders produce broker interview guide
by Reporter • 16 Apr 2018
The big four banks have released a new interview guide for use by brokers when introducing loans to participating... READ MORE
Home, values rise

Home loan demand falls as values rise
by Staff Reporter • 16 Apr 2018
Demand for home loans dropped again in February, though median dwelling values increased, according to new data from... READ MORE

FBAA calls for ‘perspective’ on broker remuneration
by Reporter • 16 Apr 2018
The Finance Brokers Association of Australia has urged for calm amid the ongoing scrutiny of the sector, highlighting... READ MORE
James Symond

Aussie extends partnership with OzHarvest
by Reporter • 13 Apr 2018
The major brokerage has announced that it has extended its partnership with food rescue charity OzHarvest until 2020. READ MORE
Stressed girl

Two-thirds of brokers ‘concerned’ about damage from RC
by Reporter • 13 Apr 2018
More than 65 per cent of brokers are either “seriously” or “moderately” concerned that the royal commission... READ MORE
James Shipton

ASIC chair slams industry for failing to remediate ‘crises’
by Jessica Yun and Annie Kane • 12 Apr 2018
New ASIC chairman James Shipton has rebuked the finance sector for failing to “play its part” in the regulatory... READ MORE
Lawyers, court

Professional indemnity risks increasing: FBAA
by Reporter • 12 Apr 2018
The Finance Brokers Association of Australia has urged brokers to ensure they hold “adequate” professional... READ MORE
Empty pockets, suffer without brokers

‘Every single mortgage holder’ would suffer without brokers: AFG
by Reporter • 12 Apr 2018
The head of a major aggregator has questioned the motives behind accusations of conflicts of interest and calls for... READ MORE
businessman clutching head stressed man on desk westpac update credit policy stricter expense process

Westpac introduces stringent new expenses process
by Reporter • 12 Apr 2018
The Westpac Group has updated its credit policies so borrower expenses will need to be captured at an “itemised and... READ MORE
defend, boxing gloves

ACCC defends vertical integration approvals
by Reporter • 12 Apr 2018
The competition watchdog has defended its decisions to approve mergers and acquisitions in the mortgage market,... READ MORE
Apartment

Investor regulatory interventions causing apartment downturn: HIA
by Reporter • 11 Apr 2018
Analysis of ABS data has revealed that there has been a reduction in appetite for apartments as a result of investors... READ MORE

Heritage Bank stalwart to retire
by Reporter • 11 Apr 2018
Heritage Bank has revealed that its long-serving head of retail, Paul Francis, has announced his retirement. READ MORE
Poor rating, commissions result

‘No evidence’ that commissions result in poor customer outcomes
by Reporter • 11 Apr 2018
Smartline has told the royal commission that there is “no direct evidence” that commissions lead to poor customer... READ MORE
Launches new digital CRM

Aggregator launches new oversight system for mentors
by Reporter • 11 Apr 2018
Specialist Finance Group has launched a new digital CRM that requires mentors to oversee their mentees’ loan... READ MORE
Appoint, handshake, Aaron Hockey

Aussie appoints new SA/NT state manager
by Reporter • 10 Apr 2018
Aussie Home Loans has announced that it has “increased its commitment to South Australia and the Northern... READ MORE
Falling data, arrow down, rate demand

Fixed rate demand still sliding
by Reporter • 10 Apr 2018
Demand for fixed rate home loans continues to fall, according to the latest data from Mortgage Choice. READ MORE
Warning, caution

MFAA warns of banks using brokers ‘as a shield’
by Reporter • 10 Apr 2018
The Mortgage and Finance Association of Australia has released a strongly worded statement calling out the potential... READ MORE
Rate exceptions, major banks, NAB, CBA, Wetspac

Major banks outline thoughts on flat-fee model
by Reporter • 10 Apr 2018
Several major banks have warned the royal commission of the “potential adverse consequences” of moving from the... READ MORE
Prospa, board members,

Prospa announces new chairman and board members
by Reporter • 9 Apr 2018
The SME lender has announced the appointment of a new chairman and two new board members. READ MORE
Partnership

Annex Group partners with brokerage
by Reporter • 9 Apr 2018
An Australian mortgage business developer has partnered with a brokerage with a network of 1,000 brokers. READ MORE
Scrutiny

Bankers’ lack of expense scrutiny shows trust in brokers: HashChing
by Reporter • 9 Apr 2018
The chief operating officer of online mortgage marketplace HashChing has suggested that the royal commission’s... READ MORE
Caution

‘Nothing to suggest brokers are causing systemic harm’: MFAA
by Reporter • 9 Apr 2018
The head of the Mortgage and Finance Association of Australia has said that while the industry would support changes... READ MORE
face-to-face broking

Domain Loan Finder considers face-to-face broking option
by Reporter • 6 Apr 2018
The head of Domain Loan Finder, the JV mortgage operation between Domain and Lendi, has revealed that the platform is... READ MORE

Association head calls for ‘industry unity’
by Reporter • 6 Apr 2018
The broking industry should work together to minimise the impact of negative publicity and reinforce the benefits of... READ MORE