Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Mortgage slump adds to NAB’s earnings woes

by Charbel Kadib • 28 Apr 2020

A home lending portfolio contraction has been overshadowed by a 156.8 per cent spike in NAB’s credit impairment costs...READ MORE

Gateway partners with cloud software provider

by Malavika Santhebennur • 28 Apr 2020

The non-major lender has partnered with a cloud-based software solutions provider to offer brokers a loan origination... READ MORE

Profit stopped banks from passing on full rate cuts: ACCC

by Annie Kane • 27 Apr 2020

Recovering profit is “central” to the major banks’ decisions not to always pass on the full RBA rate cut, the... READ MORE

Firstmac to acquire brokerage

by Charbel Kadib • 27 Apr 2020

The non-bank lender is in the process of acquiring a brokerage in a bid to diversify its lending... READ MORE

Loan relief to disguise ‘true’ credit impact of COVID-19: S&P

by Charbel Kadib • 27 Apr 2020

Mortgage relief assistance provided to borrowers in the wake of the COVID-19 pandemic would hide the “true effects”... READ MORE

Referral relationships key amid COVID-19: Tom Panos

by Emma Ryan • 27 Apr 2020

Real estate and mortgage broking sales trainer Tom Panos has shed light on the importance of agents and brokers working... READ MORE

Mortgage Choice executive becomes franchisee

by Hannah Dowling • 27 Apr 2020

The aggregator has announced that its national franchise recruitment and development manager has stepped down from his... READ MORE

Bankwest digitises verification process

by Reporter • 27 Apr 2020

The lender has launched a new digital verification tool for brokers in response to social distancing measures aimed at... READ MORE

Majors to prioritise SME bridging finance needs

by Annie Kane • 24 Apr 2020

The major banks have agreed to set up a special hotline to give priority to businesses looking for bridging finance... READ MORE

Brokers urged to ramp up borrower probes

by Charbel Kadib • 24 Apr 2020

A non-bank lender has called on its broker partners to “ask additional questions” to their clients amid the... READ MORE

Borrower risks flagged amid refinancing rush

by Charbel Kadib • 24 Apr 2020

Brokers have been encouraged to warn clients about the long-term consequences of loan switching reductions amid a sharp... READ MORE

PM calls on banks to address finance lags

by Annie Kane • 23 Apr 2020

The Prime Minister has called on banks to “step up to the mark” and reduce the lags in processing and offering... READ MORE

Broker workloads increasing during COVID-19 pandemic

by Annie Kane • 23 Apr 2020

More than a third of brokers have seen their workload increase due to the coronavirus pandemic, but two-fifths have... READ MORE

SFG expands leadership team

by Hannah Dowling • 23 Apr 2020

The aggregation group has announced the introduction of a newly created senior management role focused on technology... READ MORE

FBAA partners with money transfer firm

by Reporter • 23 Apr 2020

The industry association has formed a new partnership with an international money transfer platform, aimed at providing... READ MORE

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.

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

Read the latest issue of The Adviser magazine!

The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers