Mortgage and Finance Brokers Breaking News - The Adviser

Brokers ‘must change their borrower mindset now’, says Joust CRO

by Reporter • 29 Dec 2022

The changing environment requires brokers to shift how they think of borrowers, as high LVRs no longer necessarily mean... READ MORE

80% of SMEs would dip into personal finances

by • 29 Dec 2022

Around 80 per cent of Australian SMEs said they would use personal funds to solve business problems. READ MORE

Debt administrator cops fine for predatory actions

by • 29 Dec 2022

The Federal Court has ordered A&M Group to pay $650,000 after it was found to have engaged in misleading or... READ MORE

Brokers reflect on 2022

by • 28 Dec 2022

As we wrap up the year, brokers look back at the challenges, triumphs and what lies ahead. READ MORE

Butn reaches new monthly origination record

by Reporter • 28 Dec 2022

The small business lender has announced it originated $38 million in November, setting a new monthly record for the... READ MORE

Brokerage announces white label partnership with diñeiro

by Reporter • 28 Dec 2022

Mortgage Domayne has white-labelled the financial management platform diñeiro in a bid to boost client retention and... READ MORE

Wishing you a pawfect holiday!

by Annie Kane • 23 Dec 2022

As it’s nearly Christmas, we thought we’d share some festive cheer by taking a look at some of the pets of the... READ MORE

Deposit interception ‘a great way for a criminal to make money’,...

by James Mitchell • 23 Dec 2022

The shadow minister for cyber security Senator James Paterson has warned that the mortgage industry is becoming a... READ MORE

MoneyMe welcomes new board member, approves funding structure

by Annie Kane • 23 Dec 2022

The personal lending fintech has appointed an experienced chief financial officer to its board of directors, and agreed... READ MORE

CIO appointed for Heritage–People’s Choice merged entity

by Annie Kane • 22 Dec 2022

As the merger of People’s Choice and Heritage Bank enters its final stage, another senior executive appointment has... READ MORE

Banjo appoints new CRO to replace co-founder

by Annie Kane • 22 Dec 2022

The SME lender has welcomed a new chief risk officer as the predecessor and co-founder moves to a non-executive role. READ MORE

Personal lender Alex Bank becomes full bank

by Annie Kane • 21 Dec 2022

Brokers will now have access to a new bank, as APRA has granted a full banking licence to a neobank. READ MORE

Elders joins PCF Group

by • 21 Dec 2022

Elders’ national network of brokers will aggregate under Choice, as the agribusiness specialist joins PCF Group. READ MORE

Criminal proceedings against CBA dismissed

by Annie Kane • 20 Dec 2022

The Federal Court has dismissed criminal proceedings brought against CBA after finding they were statute barred. READ MORE

Broker-borrower digital loan disparity widens

by • 20 Dec 2022

While borrowers’ expectations for digital loan applications have increased, brokers’ uncertainty persists. READ MORE

Aussie brokers begin transition to Lendi Platform

by Reporter • 20 Dec 2022

The first swathe of Aussie brokers has begun migrating onto the Lendi Platform, as the group ramps up its move to an... READ MORE

ASIC industry costs $2.2m less than forecast

by Annie Kane • 19 Dec 2022

A total of $8.676 million will be charged to credit intermediaries to cover ASIC’s regulatory costs for the year,... READ MORE

Almost 60% of Aussies believe mortgage brokers are expensive

by Annie Kane • 19 Dec 2022

The common misconception that mortgage brokers charge a hefty fee is pertinent in Australia, a new report by Pepper... READ MORE

Business gearing up for holiday trade: NAB data

by Adrian Suljanovic • 19 Dec 2022

The major bank has revealed a surge in businesses using working capital lending to stock up on popular holiday gifts. READ MORE

ING pays over $53k for alleged CDR failures

by Annie Kane • 16 Dec 2022

ING Bank (Australia) has paid $53,280 in penalties for allegedly missing open banking deadlines and making “a... READ MORE

ANZ ‘confident’ over Suncorp deal

by • 16 Dec 2022

Eager to enter the “fast-growing” Queensland market, ANZ’s chairman, Paul O’Sullivan, was hopeful the Suncorp... READ MORE

Large ADI turnarounds fastest on record: Broker Pulse

by Malavika Santhebennur • 16 Dec 2022

Turnaround times dropped to four days in November at the large banks, with most lenders in the segment either holding... READ MORE

Hot Property: The biggest property headlines from week 12-16 December