Breaking News

Office documents

Brokers ‘can’t accept paperwork at face value’, warns aggregator
by Reporter • 20 Nov 2017
The general counsel for a major aggregator has warned that brokers need to be “drilling down” on paperwork, as the... READ MORE
Heritage Bank

Regional bank becomes 22nd lender on Aussie panel
by Reporter • 17 Nov 2017
Toowoomba-based lender Heritage Bank has become the 22nd member of Aussie’s lender panel, and the third member to... READ MORE
Question, broking industry, value proposition

Broking industry asked to take survey on value proposition
by Reporter • 17 Nov 2017
Brokers, aggregators and those affiliated with the broker channel are being asked to respond to a survey that aims to... READ MORE

Major bank fires staff over ‘incorrect’ home loan applications
by Reporter • 16 Nov 2017
NAB has announced that it has fired 20 bankers in NSW and Vic, disciplined 32 people and begun remediation for... READ MORE
Arrears drop for second month in a row

Arrears drop for second month in a row
by Reporter • 16 Nov 2017
Mortgage arrears for prime residential mortgage-backed securities have fallen, according to data from S&P Global... READ MORE
Brokers believe mortgagors should get help in native tongue

Brokers believe mortgagors should get help in native tongue
by Staff reporter • 16 Nov 2017
Nearly 80 per cent of brokers believe that borrowers who are not fluent in English should get help with their home loan... READ MORE
Economic outlook an ‘encouraging’ sign for brokers

Economic outlook an ‘encouraging’ sign for brokers
by Reporter • 16 Nov 2017
New economic data has revealed that Australians believe business conditions have improved, which the Finance Brokers... READ MORE
Financial support

Marriage debate highlights LGBTQI financial needs
by Reporter • 16 Nov 2017
Following on from the marriage law postal survey results, a subsidiary of a major bank has highlighted the need to... READ MORE
Temenos clarifies ‘non R&O compliant’ statement

Temenos clarifies ‘non-R&O compliant’ statement
by Reporter • 16 Nov 2017
Banking software provider Temenos has released a statement clarifying that its eLodge+ platform is “100 per cent... READ MORE
NAB

NAB campaign streamlines broker tools
by Reporter • 15 Nov 2017
National Australia Bank has launched a new campaign that aims to “empower” brokers with a streamlined loan... READ MORE
Advantedge relaunches white label home loans

Advantedge relaunches white label home loans
by Reporter • 15 Nov 2017
Advantedge Financial Services has relaunched its white label home loans, which are now being made available through... READ MORE
peer to peer lending australia central bank money

‘Predatory loans’: Central bank slams P2P lending

by James Mitchell • 15 Nov 2017
Peer-to-peer lending platforms in the US have been likened to the subprime mortgages that triggered the global... READ MORE
Fraud warning to brokers

Major aggregator issues fraud warning to brokers
by James Mitchell • 14 Nov 2017
One of the industry’s largest aggregators has said that brokers are “on the front line” of preventing mortgage... READ MORE
AMP

AMP reveals changes to loan rules
by Reporter • 14 Nov 2017
The challenger bank has announced that it will be making changes to the way it processes and reports loans so that they... READ MORE
Retirement, leaving the door

‘End of an era’ for Homeloans Ltd
by Reporter • 14 Nov 2017
The co-founder of non-bank mortgage provider Homeloans Ltd, Robert Salmon, has retired from the board, 32 years after... READ MORE
Westpac

Westpac Group’s R&O requirements now live
by Reporter • 14 Nov 2017
The major bank and its subsidiaries now require brokers to submit additional Requirements & Objectives questions... READ MORE
Scottish Pacific appoints new CFO

Scottish Pacific appoints new CFO
by Reporter • 14 Nov 2017
Scottish Pacific Group has appointed David Rose as its new chief financial officer and company secretary. READ MORE
Brokers ‘are working harder than ever’

Brokers ‘are working harder than ever’
by Reporter • 13 Nov 2017
A new marketplace lender has released a whitepaper highlighting that the complex lending market is leading to brokers... READ MORE
AFG launches new insurance program

AFG launches new insurance program
by Staff reporter • 13 Nov 2017
The major aggregator has announced the appointment of Lifebroker to its life insurance referral program. READ MORE

‘World-first’ home loan auction platform launches
by Reporter • 13 Nov 2017
The “world’s first auction-style platform” for loans and deposits has launched, enabling consumers to tender... READ MORE
Handshake, deal

Bluestone closes $300m RMBS
by Reporter • 10 Nov 2017
Specialist lender Bluestone Mortgages has closed a $300 million RMBS transaction, taking the company’s capital... READ MORE

ING pulls back residential offering for non-individual borrowers
by Reporter • 10 Nov 2017
Effective immediately, ING DIRECT will no longer provide non-individual borrowers, such as trusts and companies, with... READ MORE

Ex-CBA employee charged for role in $36m ‘fraud conspiracy’
by Reporter • 10 Nov 2017
A former employee of the Commonwealth Bank of Australia has been charged with conspiracy to defraud the bank, after... READ MORE
Brokers

Opinion: What does a broker do?
by Reporter • 10 Nov 2017
If you were to describe your job to a new client, what would you say? Would you call yourself a broker? A loan writer?... READ MORE
Banks have created ‘SLAs on top of SLAs’ by outsourcing

Banks have created ‘SLAs on top of SLAs’ by outsourcing
by James Mitchell • 9 Nov 2017
In an effort to cut costs, banks have actually reduced efficiencies and created more headaches for brokers and their... READ MORE