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Large banks at fastest turnarounds for 2 years

by Annie Kane8 minute read
Large banks at fastest turnarounds for 2 years

The banks that brokers most commonly use have reduced their turnarounds to under seven business days for the first time this decade, according to new data.

According to the latest findings of the monthly Broker Pulse survey from Momentum Intelligence, brokers have experienced a marked improvement in the turnaround times for their most favoured lenders.

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michael johnson

AUTHOR

Annie Kane is the managing editor of Momentum's mortgage broking title, The Adviser.

As well as leading the editorial strategy, Annie writes news and features about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape.

She is also the host of the Elite Broker, New Broker, Mortgage & Finance Leader, Women in Finance and In Focus podcasts and The Adviser Live webcasts. 

Annie regularly emcees industry events and awards, such as the Better Business Summit, the Women in Finance Summit as well as other industry events.

Prior to joining The Adviser in 2016, Annie wrote for The Guardian Australia and had a speciality in sustainability.

She has also had her work published in several leading consumer titles, including Elle (Australia) magazine, BBC Music, BBC History and Homes & Antiques magazines.  

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