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Ex-broker pleads guilty, fined for fraud
by Reporter • 27 Apr 2021
A former finance broker at a used car dealership has been fined after pleading guilty to four charges of obtaining a...READ MORE
Prospa originations up as SMEs recover
by Malavika Santhebennur • 26 Apr 2021
The SME lender has said that its total originations have bounced back to pre-COVID levels, and up 20 per cent on the... READ MORE
Revolut makes APAC senior appointments
by Malavika Santhebennur • 26 Apr 2021
The budgeting app provider has appointed the former Xinja treasurer, and an India CEO, to “gear up” for its APAC... READ MORE
Associations call out majors for turnaround channel conflict
by Annie Kane • 23 Apr 2021
The FBAA and MFAA have hit out at the major banks regarding the disparity between “time to yes” for broker-lodged... READ MORE
Choice loan book tops $80bn
by Reporter • 23 Apr 2021
The aggregation group has reported that its loan book exceeded a new record of $80 billion recently, driven by a robust... READ MORE
‘Excessive’ loan discharge terms slammed
by Malavika Santhebennur • 23 Apr 2021
A Brisbane-based brokerage has called out the major banks for “holding customers to ransom” with excessive terms of... READ MORE
Hot Property: The biggest property headlines from the week 19-23 April
by Reporter • 23 Apr 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 23... READ MORE
Major brokerage launches direct-to-consumer offering
by Annie Kane • 22 Apr 2021
A major brokerage has launched its first online direct-to-consumer digital lending product in partnership with... READ MORE
BOQ joins Aussie panel
by Annie Kane • 22 Apr 2021
The non-major lender has signed onto the lender panel of major brokerage Aussie, with brokers able to offer the loans... READ MORE
Loan Market relaunches white label product
by Reporter • 22 Apr 2021
The major brokerage has announced that it has relaunched its Go Edge white label product, through which brokers have... READ MORE
How this broker found the right mentor
by Malavika Santhebennur • 22 Apr 2021
The KW Lending Solutions director underscored the importance of mentorship for brokers, and highlighted the challenges... READ MORE
Major banks reveal major issue of abusive transactions
by Annie Kane • 21 Apr 2021
The big four banks have acknowledged that more needs to be done on abusive transactions, after identifying more... READ MORE
Buying 86 400 will fire up competition: Ross McEwan
by Sarah Simpkins • 21 Apr 2021
The chief of the big four bank has denied that the 86 400 takeover will kill industry competition, insisting the deal... READ MORE
NAB offers $2k grants to Cyclone Seroja victims
by Annie Kane • 21 Apr 2021
The big four bank is offering $2,000 grants to customers and staff affected by Tropical Cyclone Seroja in Western... READ MORE
Non-bank lender lists on the ASX
by Annie Kane • 20 Apr 2021
A lending and digital payments business has listed on the Australian Securities Exchange with 1 billion shares on... READ MORE
Broker platform announces new acquisition
by Annie Kane • 20 Apr 2021
Mortgage broker platform HashChing has acquired a document automation and collection company to help deliver... READ MORE
Industry should demand ‘meaningful action’ on turnarounds
by Annie Kane • 20 Apr 2021
There is “no justification” for the delays in processing broker-lodged loans, the compliance manager of MoneyQuest... READ MORE
One month to go until Better Business Summit 2021!
by reporter • 20 Apr 2021
The Better Business Summit, run in partnership with principal partner NAB, will start in one month today – so make... READ MORE
Hot Property: The biggest property headlines from the week 12-16 April
by Reporter • 20 Apr 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 16... READ MORE
ANZ broker turnarounds at 12 days: CEO
by Malavika Santhebennur • 19 Apr 2021
The major bank CEO has also now confirmed that “time to yes” is different depending on channel, outlining that it... READ MORE
Turnaround times spike to 3-year high: AFG
by Malavika Santhebennur • 19 Apr 2021
An increase in market lending activity and a competitive lending market have seen lender turnaround times spike to over... READ MORE
Brokers urged to seize on SME market
by Malavika Santhebennur • 19 Apr 2021
The association has urged brokers to upskill to “properly” service the SME market, which it said is growing... READ MORE
BOQ records broker loan growth
by Malavika Santhebennur • 19 Apr 2021
The non-major has reported an uptick in broker loan settlement flows, and is eyeing further growth in the broker... READ MORE
NAB turnarounds range from 1-20 days, says CEO
by Annie Kane • 16 Apr 2021
Ross McEwan has confirmed that turnarounds differ depending on complexity and channel, with the direct channel able to... READ MORE
Citi to exit Australian consumer business
by Annie Kane • 16 Apr 2021
The investment banking company has announced that it is looking to sell its consumer banking business in Australia and... READ MORE
Westpac pledges to improve turnaround times
by Malavika Santhebennur • 16 Apr 2021
The bank’s CEO attributed longer loan approval times to "issues with offshore processing areas" and responsible... READ MORE
Non-major hires new state manager for Vic/Tas
by Annie Kane • 16 Apr 2021
A former broker and former Westpac state manager for home lending has been made Suncorp Bank’s first state manager... READ MORE
MoneyQuest celebrates 100 franchises
by Annie Kane • 16 Apr 2021
The growing broker brand has opened its 100th franchise since becoming a franchise system in 2016.
READ MORE
CBA CEO acknowledges turnaround time disparity
by Annie Kane • 15 Apr 2021
The CEO of the big four bank has acknowledged that “time to yes” between direct and broker channels is markedly... READ MORE
Government urged to allow e-signatures on business loans
by Annie Kane • 15 Apr 2021
The CEO of a big four bank has called on government to enable lenders to accept digital signatures on business loans as... READ MORE
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