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Non-bank lender launches SME loans platform

by Malavika Santhebennur • 1 Nov 2019

An SME lending platform has launched a tool to help finance brokers better source loans for small businesses.

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Virgin Money slices fixed rates by up to 20 bps

by Malavika Santhebennur • 1 Nov 2019
Another non-major lender has announced mortgage rate reductions, following several others repricing their mortgage... READ MORE

Debate wages over misuse of supply chain financing

by Hannah Dowling • 1 Nov 2019
In light of ongoing scrutiny over the misuse of supply chain financing to the detriment of small businesses, the... READ MORE

ANZ CEO weighs in on broker rem reforms

by Charbel Kadib • 31 Oct 2019
The chief executive of the big four bank has responded to calls for the standardisation of broker remuneration policies... READ MORE

Aggregators welcome net of offset reforms, slam critics

by Charbel Kadib • 31 Oct 2019
Broking industry groups have welcomed the federal government’s decision to extend the net of offset repayment period... READ MORE

ASBFEO launches review of supply chain finance

by Hannah Dowling • 31 Oct 2019
The ASBFEO has announced a review of supply chain finance to uncover its impact on SME and family enterprise cash flow... READ MORE

‘Fast fintechs’ no substitute for bespoke support, say brokers

by Hannah Dowling • 31 Oct 2019
New research into broker sentiment towards “fast fintech” lenders has shown that brokers believe new online players... READ MORE

Net of offset changes to help clean up ‘dog’s breakfast’

by Charbel Kadib • 30 Oct 2019
Industry associations have welcomed the federal government’s decision to extend the net of offset repayment period... READ MORE

Loan Market welcomes new lender

by Hannah Dowling • 30 Oct 2019
The broking franchise group has welcomed a specialist lender to its panel, in order to allow its brokers to service... READ MORE

Lender farewells head of sales, appoints CCO

by Charbel Kadib • 29 Oct 2019
 A lender has announced the departure of its head of sales and the appointment of Macquarie’s former co-head of... READ MORE

Government agrees to 365-day net offset payment

by Annie Kane • 29 Oct 2019
The government will move to a 365-day cap when determining the maximum drawdown amount for commissions, instead of the... READ MORE

Government sets price caps for FHB scheme

by Charbel Kadib • 29 Oct 2019
The federal government has released new details regarding the administration of its First Home Loan Deposit... READ MORE

ACCC seeks public consultation on AFG, Connective merger

by Charbel Kadib • 29 Oct 2019
The competition watchdog is reviewing the proposed merger between AFG and Connective, with stakeholders invited to... READ MORE

Auswide slashes floor rate

by Reporter • 29 Oct 2019
The non-major bank has reduced its floor rate for mortgage serviceability assessments for the second time following... READ MORE

Borrowers looking for big 4 exit door

by Hannah Dowling • 29 Oct 2019
New data has shown that 70 per cent of Australians no longer trust the big banks, and one in three is seeking expert... READ MORE

Best interests duty won’t be ‘shock to system’

by Charbel Kadib • 28 Oct 2019
New obligations under the government’s proposed best interests duty won’t come as a surprise to most mortgage... READ MORE

Broker sentiment on the rise

by Hannah Dowling • 28 Oct 2019
Sentiment in the mortgage broking industry has continued to improve with time following the February 2019 release of... READ MORE

Aggregator signs new partnership agreement

by Hannah Dowling • 28 Oct 2019
Mortgage aggregator Finsure has entered a new partnership with marketing automation platform ActivePipe, in a bid to... READ MORE

Smartline franchisee joins Bendigo and Adelaide Bank

by Reporter • 28 Oct 2019
The principal of a Smartline brokerage based in South Australia has joined the non-major’s mobile direction... READ MORE

FBAA sees ‘opportunity’ in calls for accountability

by Hannah Dowling • 25 Oct 2019
“Smart brokers will embrace” calls for greater accountability and best interests duty obligation, the head of the... READ MORE

Net of offset confusion ‘wasting brokers’ time’

by Charbel Kadib • 25 Oct 2019

A Sydney-based brokerage director has joined calls for a standardised approach to net of offset calculations.

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Fixed rate demand stays soft

by Annie Kane • 25 Oct 2019
Fixed rate demand remains at record-low levels, with borrowers in Western Australia least likely to fix their mortgage... READ MORE

Mike Jefferies to stand down from Resimac board

by Annie Kane • 25 Oct 2019
The mortgage lender has announced that independent non-executive director Mike Jefferies is to step down from the board... READ MORE

Re-accreditation issues impeding aggregator switching

by Annie Kane • 24 Oct 2019
Difficulty in re-accrediting with lenders when switching aggregators has been cited by brokers as one of the biggest... READ MORE

Industry risks disruption if it doesn’t embrace diversity: MFAA

by Annie Kane • 24 Oct 2019
The broking industry needs to embrace diversity and inclusion if it is to avoid the risk of disruption and continue to... READ MORE

Complexities putting AI implementation at a ‘standstill’

by Charbel Kadib • 24 Oct 2019
A new report has flagged risks associated with the implementation of AI technology, which could be inhibiting... READ MORE

Loan Market unveils new lead generation tool

by Hannah Dowling • 24 Oct 2019
A personalised lead generation tool is the latest addition to the brokerage’s digital marketing overhaul, built to... READ MORE

REVEALED: What brokers want from their aggregator

by Annie Kane • 23 Oct 2019
The results of the 2019 Aggregator of Choice survey, run by Momentum Intelligence, are in – revealing the top... READ MORE

Westpac launches new serviceability calculator

by Reporter • 23 Oct 2019

The major bank has revamped its serviceability calculator in response to broker feedback.

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Bank Australia reports 22% growth in mortgage settlements

by Hannah Dowling • 23 Oct 2019
The customer-owned bank has seen “strong” year-on-year growth in both its mortgage settlements and overall loan... READ MORE
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