Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

ANZ strained by mortgage inflows as turnaround times spike

by Charbel Kadib • 22 May 2020

The major bank’s turnaround times have increased significantly, despite recent efforts to “clean up” its...READ MORE

We need to tackle VOI standardisation: Connective

by Annie Kane • 22 May 2020

Remote verification of identity processes need to be maintained and standardised following the COVID-19 lockdown, the... READ MORE

Bank offers up to $4k cashback to frontline workers

by Hannah Dowling • 22 May 2020

Suncorp Bank has launched a cashback offer on home loan refinances, with up to $4,000 available for COVID-19 frontline... READ MORE

New SME grants launched

by Annie Kane • 21 May 2020

Salesforce has partnered with COSBOA to fund 67 one-off grants of $10,000 to eligible SMEs to help them survive the... READ MORE

Senator calls on banks to extend IO periods

by Annie Kane • 21 May 2020

A Liberal senator for WA has urged lenders to extend interest-only periods for borrowers to help reduce hardship levels... READ MORE

FBAA berates banks on loan discharge delays

by Malavika Santhebennur • 21 May 2020

The FBAA has criticised banks for delaying loan discharges, and has called for standardised documentation around... READ MORE

How this broker guides clients on property prices

by Malavika Santhebennur • 21 May 2020

Kris Menon, who recently won the NSW Best Customer Service (Individual) award at the Better Business Awards 2020,... READ MORE

Loan Market pushes forward on BID training

by Hannah Dowling • 21 May 2020

The aggregator network has launched a range of digital training programs in order to assist its brokers in preparing... READ MORE

Neobank delays loan rollout due to COVID-19

by Annie Kane • 20 May 2020

Volt Bank is delaying the launch of its loan products to ensure its foray into lending is done “in a very prudent... READ MORE

ME Bank launches broker-centric ad campaign

by Annie Kane • 20 May 2020

The non-major bank has launched a new advertising campaign that references broker partners, its first such campaign to... READ MORE

Tim Donahoo joins MoneyQuest

by Malavika Santhebennur • 20 May 2020

MoneyQuest has hired Purple Circle’s former compliance and risk manager as the brokerage’s new compliance... READ MORE

Borrowers move to unfreeze loan repayments

by Hannah Dowling • 20 May 2020

Hundreds of mortgagors have chosen to unfreeze their mortgage repayments early, following a six-month repayment pause... READ MORE

Australian Unity sells trail book

by Annie Kane • 19 May 2020

Australian Unity has sold its trail book to Trail Homes in a deal worth nearly $2 million, as the group continues its... READ MORE

Buyers Choice adds SMSF lender to panel

by Malavika Santhebennur • 19 May 2020

Buyers Choice has appointed a new lender to its panel to give its brokers access to its SMSF credit product and home... READ MORE

Diversity can help protect against economic shocks

by Malavika Santhebennur • 19 May 2020

In a new diversity podcast series, economist Stephen Koukoulas has outlined the importance of economic, as well as... READ MORE

AFG remodels L&D program

by Reporter • 19 May 2020

The aggregator has redesigned its training and development program in a bid to meet the changing needs of its broker... READ MORE

FBAA issues warning over fixed-rate ‘trap’

by Reporter • 18 May 2020

Borrowers are at risk of being lured into fixed-rate products that undermine their long-term interests, FBAA managing... READ MORE

Lend expands partner panel

by Annie Kane • 18 May 2020

Small-business lending platform Lend has expanded its panel of partners, as the fintech looks to help brokers service... READ MORE

PwC audits Loan Market ahead of BID

by Hannah Dowling • 18 May 2020

The major brokerage has announced that it engaged a third-party company, PwC, to complete an audit of its systems and... READ MORE

Brokers reveal remote-working strategies

by Reporter • 18 May 2020

Brokers have outlined the tools and strategies they’ve embedded in their businesses in response to social distancing... READ MORE

Lendi CEO ‘disappointed’ by BID delay

by Annie Kane • 15 May 2020

The CEO of online broking platform Lendi has said that he is “disappointed” at the delay of the implementation... READ MORE

AFG completes institutional piece of equity raise

by Malavika Santhebennur • 15 May 2020

The aggregator has raised over $46 million across the placement and the institutional component of the entitlement... READ MORE

Advantedge to cease lending to ‘non-core segments’

by Charbel Kadib • 15 May 2020

The wholesale funder has overhauled its offering in a bid to “simplify” its product and service... READ MORE

‘Serious’ challenges ahead for housing demand: CoreLogic

by Malavika Santhebennur • 15 May 2020

While restrictions have eased around auctions and inspections, it would take time for housing market demand to... READ MORE

ScotPac and CML merger off the table

by Annie Kane • 14 May 2020

Scottish Pacific will pay $1 million in costs to debtor finance specialist CML Group after the two parties agreed to... READ MORE

AFG announces $60m equity raise

by Malavika Santhebennur • 14 May 2020

The aggregator is raising $60 million to boost its capital position in the current economic environment.

CBA received 144,000 mortgage deferral requests

by Annie Kane • 14 May 2020

The major bank has received repayment deferral requests on more than 144,000 home loans, 71,000 business loans... READ MORE

Supply/demand imbalance stabilising property market

by Malavika Santhebennur • 14 May 2020

The chief economist at REA Group has observed that the property market has remained largely stable despite the... READ MORE

AFG-Connective merger decision expected next month

by Annie Kane • 13 May 2020

The ACCC has set the date for its decision on the merger of aggregation groups Connective and AFG.

LoanDolphin merges with Joust

by Annie Kane • 13 May 2020

Brokers and lenders will be able to bid on more loans being put up for reverse auction after LoanDolphin and Joust... READ MORE

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