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Jessica Darnbrough
According to Stargate’s new Product Popularity Index, CBA’s Rate Saver home loan was the most popular product with brokers during the month of October.
The survey of 1,500 brokers found that more than 14 per cent of all home loans written by respondents went to the CBA Rate Saver product – significantly higher than its nearest competitor Homeside's Homeplus Variable, which accounted for 5 per cent of all loans written.
“It’s clear that based on the results of this survey that both CBA and NAB have developed very strong products that are resonating well with Brokers using our Symmetry loan processing and customer management platform, particularly given they have access to over 1000 products from 40 different lenders,” Stargate chief executive officer Brett Spencer said.
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