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opinion news
New repricing and refi tool launches for brokers
by Annie Kane • 9 Jun 2021
A former broker has launched an AI-based tech platform that automates the repricing and refinancing process for...
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AFG partners with youth homelessness charity
by Malavika Santhebennur • 9 Jun 2021
The aggregator has announced a sponsorship agreement to become the principal partner of a charitable organisation that...
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Loan Market welcomes new business success manager
by reporter • 9 Jun 2021
The aggregation group has announced that it has appointed former Mortgage Choice franchise business manager Ali Hill...
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Aaron Milburn to leave finance industry
by Annie Kane • 8 Jun 2021
Pepper Money’s general manager for mortgages and commercial lending is to leave the finance industry and take a...
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Former mortgage brokerage convicted, fined
by Sarah Simpkins • 8 Jun 2021
Former Melbourne brokerage Advanced Choice Finance has been convicted and fined for knowingly making a false statement...
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Loan Market hires internal outsource team
by Malavika Santhebennur • 8 Jun 2021
The major brokerage has launched a team of 90 support staff based in the Philippines to assist its brokers with their...
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SME platform welcomes new lender to panel
by reporter • 8 Jun 2021
Commercial finance fintech Lend has welcomed an SME lender to its growing panel.
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BNK Bank appoints non-executive director
by Malavika Santhebennur • 8 Jun 2021
The non-major bank has appointed a banking, technology and telecommunications executive as a non-executive director,...
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Non-majors highlight turnaround success
by Annie Kane • 7 Jun 2021
Several non-major banks have revealed how they are working to keep turnaround times fast and reduce channel conflict.
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ANZ names internal audit manager
by Sarah Simpkins • 7 Jun 2021
ANZ has appointed a new general manager to oversee its internal auditing.
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Housing and rental affordability slides
by Reporter • 7 Jun 2021
The proportion of income required to meet loan repayments has increased, sending housing affordability down a slippery...
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Lending standards haven’t eased: RBA
by Sarah Simpkins • 4 Jun 2021
Lenders have not slackened their standards in the current low rate environment, the Reserve Bank has said, as it...
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Why this broker went independent from the get-go
by Malavika Santhebennur • 4 Jun 2021
WA-based broker Amy Ferguson reveals why she jumped straight into the deep end of opening her own brokerage when she...
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Hot Property: The biggest property headlines from the week 31 May to...
by Malavika Santhebennur • 4 Jun 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 4...
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Exclusive: Major banks reveal how they’re fixing turnarounds
by Annie Kane • 3 Jun 2021
Following on from concessions that broker-lodged loans take a lot longer to approve than those in the proprietary...
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1 in 2 SMEs keen to invest: Prospa
by Malavika Santhebennur • 3 Jun 2021
More than half of all SME owners have plans to invest in their business in the next six to 12 months, with smaller...
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AFG to invest $15m in neobank
by Annie Kane • 2 Jun 2021
The aggregation group has agreed to invest $15 million in a neobank, leveraging its banking as a service offering and...
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Broker settlements hit new high for March quarter
by Annie Kane • 2 Jun 2021
The value of settled loans written by brokers over the March quarter hit a new record, with broker market share for the...
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Mutual bank begins operating under new name
by Annie Kane • 2 Jun 2021
Credit Union Australia has begun trading under the new name of Great Southern Bank and has rolled out new products and...
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AFG welcomes non-bank lender to panel
by Annie Kane • 2 Jun 2021
The aggregation company has welcomed a non-bank lender to its lender panel.
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RBA announces June rate decision
by Malavika Santhebennur • 1 Jun 2021
The RBA has revealed its official cash rate decision for June, as Victoria endures a fresh round of the COVID-19...
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86 400 launches direct offering
by Annie Kane • 1 Jun 2021
The neobank has launched its inaugural direct-to-consumer offering, making its Neat and Own home loans available to...
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Turnaround issue compounded by metric confusion: Connective CEO
by Annie Kane • 1 Jun 2021
While welcoming that more lenders are proactively publishing their turnaround time data, Connective CEO Glenn Lees has...
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Vic government launches $250.7m business grants package
by Sarah Simpkins • 1 Jun 2021
The state government has rolled out a $250.7 million package to support Victorian businesses hit by the latest snap...
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New date for Better Business Summit Melbourne
by Annie Kane • 31 May 2021
Due to COVID-19 restrictions in Victoria, the Melbourne leg of the Better Business Summit and Better Business Awards...
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