Tim Brown, division director and former head of Macquarie Mortgages, has been appointed to the new role of head of sales for Macquarie’s whole mortgages business, which includes retail (Macquarie Mortgages) and wholesale (Macquarie Puma). Tim has over 25 years’ experience in the banking and finance industry and a strong background in developing strategic alliances with national networks to distribute residential home loan products.
Tasso Papachatgis has also been promoted – to head of Macquarie Mortgages, reporting directly to Brown. Sally Bruce will take on the new role of head of product and marketing, leading a new team in product development and strategic marketing solutions.
When it comes to banking and finance, there is one thing that customers put above all else when choosing a lender: trust. Creating trust is a long and complex process, but one segment of the market seems to have been doing it particularly well this year: customer-owned lenders.
While many feared that the exodus of major banks from the SMSF loans space would spell the end of SMSF borrowing, the volume of SMSF loans remains steady, with many non-bank lenders filling the gap. We take a look at the ins and outs of SMSF lending.
Lender’s mortgage insurance plays a leading role in ensuring borrowers don’t take on more home loan debt than they can service. Recently, the market has consistently been the subject of discussion. In this feature, we take a look at what’s been happening in the LMI space and how keeping pace with these changes can allow brokers to act as the go-to guide for borrowers.