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How this broker is educating clients during COVID-19

by Malavika Santhebennur • 23 Apr 2020
A Queensland-based broker explains how he and his team have been using social media to educate his clients about...READ MORE

Advantedge appoints new GM

by Hannah Dowling • 22 Apr 2020
NAB-owned wholesale funder Advantedge Financial Services has announced the appointment of a new general manager,... READ MORE

COVID-19 rocks broker sentiment: survey

by Malavika Santhebennur • 22 Apr 2020
The COVID-19 pandemic has had a major impact on mortgage brokers and their businesses, with many demanding more... READ MORE

NAB introduces mandatory VOI changes

by Hannah Dowling • 22 Apr 2020
The major bank has announced new, compulsory measures for brokers to meet identity verification requirements during the... READ MORE

Westpac amends loan approval process

by Reporter • 22 Apr 2020
The major bank has introduced a number of changes to its home loan settlement process, which includes the introduction... READ MORE

NAB clamps down on serviceability

by Charbel Kadib • 21 Apr 2020
The major bank has introduced new requirements for serviceability assessments in lieu of the current virus-induced... READ MORE

ASBFEO calls for new supply chain finance legislation

by Hannah Dowling • 21 Apr 2020
The small business ombudsman’s final report from the supply chain finance review has been released, calling on the... READ MORE

Bankwest updates credit policy, process and valuations

by reporter • 21 Apr 2020
Brokers will need to submit a new COVID-19 form for all new mortgage applications and applications in progress, as part... READ MORE

Loan Market signs JV with utility services firm

by Malavika Santhebennur • 21 Apr 2020

The major brokerage has embarked on a joint venture with utility connection company, Compare & Connect.

READ MORE

CBA to move to minimum repayments next week

by Annie Kane • 20 Apr 2020
The big four bank will automatically move mortgage customers to minimum P&I repayments next week to provide... READ MORE

Westpac gains broker business despite processing lags

by Charbel Kadib • 20 Apr 2020
The major bank and its subsidiaries have outpaced competitors in the broker channel despite higher than average... READ MORE

Bank expands membership criteria

by Charbel Kadib • 20 Apr 2020
A mutual bank has revised its constitution to broaden its membership criteria and allow a larger pool of borrowers to... READ MORE

Heritage launches new SME product

by Hannah Dowling • 20 Apr 2020
The non-major has revealed a new product following its inclusion in the government’s Coronavirus SME Guarantee... READ MORE

Broker-originated loan sizes bounce nationwide

by Charbel Kadib • 17 Apr 2020
The average size of broker-originated loans increased across every state and territory in the March quarter, in line... READ MORE

FAST joins BID preparation calls

by reporter • 17 Apr 2020
FAST has joined the call for brokers to start preparing for the introduction of the best interests duty, ahead of its... READ MORE

Asset finance surging amid COVID-19

by reporter • 17 Apr 2020
Personal and asset finance platform Nodifi has revealed that demand for asset finance from some business industries has... READ MORE

Brokers alerted to online scams

by Malavika Santhebennur • 17 Apr 2020
Brokers are being urged to be wary of scam emails claiming to be from regulators or lenders during the COVID-19... READ MORE

Top tips for staying across your legal obligations

by Annie Kane • 16 Apr 2020
The heads of a lender, aggregator and brokerage have shared their top three tips for brokers looking to stay across... READ MORE

Court backs ASIC’s ban on short-term lending model

by Annie Kane • 16 Apr 2020
The Federal Court has dismissed an appeal made by a short-term lender to overturn ASIC’s product intervention order... READ MORE

ING imposes new lending restrictions

by Reporter • 16 Apr 2020
The non-major has announced a number of changes to its credit policy, which includes the exclusion of casual and... READ MORE

Broker flooded with COVID-19 support queries

by Malavika Santhebennur • 16 Apr 2020
Borg Financial’s Christopher Borg spoke about how his clients are in a state of panic over their financial future in... READ MORE

Non-banks appointed to SME guarantee scheme

by Hannah Dowling • 15 Apr 2020
Several non-bank lenders have been announced as official participants of the government’s SME guarantee scheme,... READ MORE

CIF welcomes new co-chairs

by Annie Kane • 15 Apr 2020
The Combined Industry Forum has announced who will replace Anthony Waldron and Mark Haron as leaders of the group... READ MORE

FBAA releases broker support package

by Annie Kane • 15 Apr 2020
The broker association has said it will freeze membership fee reviews and allow members to pay fees in instalments, as... READ MORE

ASIC loosens advice licensing requirements amid COVID-19

by Jotham Lian • 15 Apr 2020
Accountants without a financial services licence will now be able to provide advice to clients on accessing... READ MORE

Concerns raised over unconditional approvals

by Annie Kane • 14 Apr 2020
The MFAA is working to ascertain how lenders will treat borrowers with unconditional approvals that are facing... READ MORE

Aggregator launches COVID-19 Action Plan calculator

by Annie Kane • 14 Apr 2020
AFG has released a new calculator that helps brokers explain to customers how repayment variations on their loans will... READ MORE

ING lowers commercial variable rates

by Hannah Dowling • 14 Apr 2020
The non-major has lowered commercial lending variable rates by 35 bps for existing customers... READ MORE

JobKeeper package sails through Parliament

by Malavika Santhebennur • 14 Apr 2020
The federal government’s $130-billion support package aimed at helping employers retain their staff has passed the... READ MORE

Home loan volumes record pre-COVID slip

by Charbel Kadib • 9 Apr 2020
Both the value and number of new home loans declined ahead of the economic shock caused by the coronavirus outbreak,... READ MORE
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