Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Non-bank extends broker channel presence

by Annie Kane • 4 May 2020

Brighten Home Loans has joined the lender panel of Vow Financial, its first aggregator partnership, as the non-bank...READ MORE

Mortgage Choice rebrands wealth business

by Reporter • 4 May 2020

The financial services group has officially rebranded its wealth division as part of a broader transformation... READ MORE

The ATO and ASBFEO reveal how JobKeeper affects business

by reporter • 4 May 2020

The Australian Taxation Office, the ASBFEO and Reckon are joining our sister title, My Business, in a free, live and... READ MORE

ANZ ‘cleans up’ turnaround times, volumes surge

by Charbel Kadib • 1 May 2020

The major bank’s home loan volumes have spiked over the past six weeks despite the slide in housing market... READ MORE

Brokers drove 80% of FHLDS applications for bank

by Annie Kane • 1 May 2020

The vast majority of applications for the First Home Loan Deposit Scheme submitted to a WA-based bank came through... READ MORE

AFCA slammed with complaints as hardship requests soar

by Sarah Kendell • 1 May 2020

The financial services industry ombudsman has received over 450 complaints so far relating to consumer treatment by... READ MORE

Bank to automatically move borrowers to new products

by Annie Kane • 30 Apr 2020

A non-major bank has announced that it will automatically switch customers on legacy mortgages to new products... READ MORE

Big 4 unfazed by sharper pricing from non-majors

by Charbel Kadib • 30 Apr 2020

Lower home loan rates offered by smaller lenders had no bearing on the big four’s pricing decisions, the ACCC has... READ MORE

New online learning centre for brokers launches

by reporter • 30 Apr 2020

The Adviser has launched a brand new e-learning centre, The Knowledge Centre, to help brokers earn CPD points and... READ MORE

How this broker manages a 10-person team

by Hannah Dowling • 30 Apr 2020

Recently crowned SA/NT Broker of the Year and Best Residential Broker at the Better Business Awards 2020, Adelaide... READ MORE

Aussie launches stay-at-home ad campaign

by Malavika Santhebennur • 30 Apr 2020

The major brokerage has announced a new home advertising campaign and the integration with a mortgage origination... READ MORE

Treasury calls for ‘greater transparency’ in home loans

by Annie Kane • 29 Apr 2020

The federal Treasury has welcomed the release of the ACCC Home Loan Price Inquiry, stating that the findings... READ MORE

Westpac tightens screws on LMI, income verification

by Reporter • 29 Apr 2020

The major bank has amended its residential lending policy to reflect changes in its economic outlook amid the ongoing... READ MORE

NAB secures $3bn in capital

by Hannah Dowling • 29 Apr 2020

The major bank has successfully secured $3 billion in capital from domestic and overseas investors in a share placement... READ MORE

JobKeeper claims deadline extended

by Reporter • 29 Apr 2020

The claims period for the JobKeeper payment has been extended by the federal government.

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

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