Well said, Phil! Now what is the response? The most obvious next response must be from the MFAA and FBAA. Then it...
When fraud is found, innocent brokers should not become collateral...
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What would be really helpful is for banks and aggregators to share some of the tools they use for supposedly...
Industry heavyweights reveal key tips on fraud detection
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Well done to everyone!
Steve Keramidas
Mortgage Compare Plus
www.mortgagecompareplus.com.au
Mob. 0412110118
Australia’s Top 25 Brokerages revealed!
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Sure, that's one measurement, bit like lodgements sounds great until you chase the settlement figures. So,...
NAB proprietary flows hit 50% in March
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There is no doubt the Majors are leveraging their huge databases with AI to get to broker introduced clients (and their...
NAB proprietary flows hit 50% in March
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"Bank behind the broker" is a strategic positioning used by National Australia Bank (NAB) to highlight its...
NAB proprietary flows hit 50% in March
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I thought all the recent noise from certain industry bodies was that this was a "referrer" problem. Maybe...
Finsure terminates sub-aggregation agreement with Hai Money
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I can see a lot of sense to this article and really, it is all about Lead Generation. Consumers floating around,...
Half the broking market is at risk, and no one’s talking about it
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Certainly not my experience or those of other experienced brokers. Forget the forward roadmap, look back and fix the...
Connective outlines next phase for Mercury Nexus
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No comments????
Was this CBA putting pressure on you to turn this off, SHAME ON YOU!
Solicitor charged for alleged involvement in multimillion-dollar...
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Nothing wrong with well designed referrer program that is complaint with correct disclosure. As long as the client is...
Industry responds to introducer program compliance concerns
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Fraud is fraud no matter where the lead comes from and is immaterial - if the broker knowingly processes a loan where...
LMG confirms 2 matters under investigation in fraud probe
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The bigger issue is lenders have two bites of the cherry with pricing and wasting a Brokers time, its an unethical...
MFAA touts 10-day discharges as productivity fix
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So, naturally, CBA will now stop dealing with all solicitors, right?
Or does collective punishment only apply when the...
Solicitor charged for alleged involvement in multimillion-dollar...
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So why would a Bank / Broker accept supporting loan documents direct from a referrer? That is a short cut that is open...
Aggregators call for better data sharing
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LMG happy to push the problem on the conduct of referrers, yet in the same breath are saying they’ve acted against...
LMG confirms 2 matters under investigation in fraud probe
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I might be a different to all you broker's but when rates go up, I reassess all my preapproval's and update...
Brokers say shifting pre-approvals leaving borrowers exposed
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Blightyear, while i agree with some of your comments. I am failing to see what is meant by your last comment. The bank...
FBAA urges banks to ‘eliminate’ introducer schemes amid fraud...
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Happy to prepare discharge forms for ALL my ANZ clients and send them in rather than pricing requests. Jump ahead of...
Brokers slam major’s cash payments to retain borrowers
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An ill considered attempt by the FBAA to deflect and not take ownership of the same inherent fraud problems that exist...
FBAA urges banks to ‘eliminate’ introducer schemes amid fraud...
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This is a double-edged sword. The broker is right to question the timing of the retention action, especially if the...
Brokers slam major’s cash payments to retain borrowers
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ANZ is not the only one and yes, the system is very flawed but banks don't care about brokers when retaining...
Brokers slam major’s cash payments to retain borrowers
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Nobody is surprised by this.
Brokers slam major’s cash payments to retain borrowers
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Nobody is surprised by this.
Brokers slam major’s cash payments to retain borrowers
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I agree with the article and the points raised.
AI will absolutely play a significant role in improving structure,...
Brokers reveal ground rules for AI’s role in lending
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CDR/Open Banking - Consumers are not using/engaging with it as they don't need it. There is no use case for a...
Video podcast: What’s Making Headlines – Can open banking be the...
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This seems very opportunistic by Nextgen to push their own solution and trying to link it to mortgage fraud.
Calls mount to use ATO data in open banking to reduce fraud risk
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While I can see the benefit in allowing CDR to access the ATO, tying it to fraud seems opportunistic. If the banks...
Calls mount to use ATO data in open banking to reduce fraud risk
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Sounds like the BOQ model of direct to bank is really working out for them!
Macquarie rockets ahead, while BOQ shrinks
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I would like to see aggregator white label products lead the way with clawback removals!
Connective white label book surges on multi‑solution push
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