Mortgage News for Industry Professionals | Australian Broker News
WEBAUSTRALIAN BROKER TALK. Australian mortgage news, featuring new lender products, developments in alt lenders, and all the news Australian mortgage brokers and finance experts need.
Household Capital expands reverse mortgage offering
WEBReverse mortgage lender Household Capital is an Australian-owned, independent retirement funding provider founded in 2016. It has been offering its Household Loan reverse mortgage product through brokers, which allows property owners aged over 60 to access up to a maximum of $2 million. In December 2022, …
Macquarie explains rate cuts and broker approach in 2024
WEBMacquarie Bank has outlined its approach to the broker industry in 2024 while explaining the decision to make out-of-cycle interest rate cuts before the Reserve Bank’s February cash rate announcement. Underlining the importance of brokers in the mortgage landscape, Wendy Brown (pictured above left), head of broker sales at Macquarie Bank ...
LocalAgentFinder acquires Dott & Crossitt | Australian Broker News
WEBLocalAgentFinder, a real estate agent comparison platform, has announced it has successfully acquired Dott & Crossitt, a conveyancing and property law firm. According to a Press release, this move is part of the company’s commitment to enhance the property selling process and elevate the standard of service of its real estate agents.
FINSTREET launches non-bank FINSERV platform
WEBFINSTREET has announced the launch of FINSERV, an AI-powered platform that helps brokers find non-bank loan products for underserved borrowers through technology that assesses non-standard risk. From the complexities around finding products for migrants and SMEs to understanding risks like climate change …
ASIC chair addresses AI regulation challenges at UTS symposium
WEBCurrent regulation around AI may not be enough. He pointed out that it’s not far-fetched to consider that credit providers using AI systems to identify “more favourable” credit risks might inadvertently discriminate against vulnerable consumers. The challenge arises when dealing with 'opaque' AI systems, making it challenging to identify the mechanisms behind such discrimination.
Two leading brokers unite to launch Flint | Australian Broker News
WEBTwo prominent brokers, Christian Stevens and Chris Bates, have joined forces to launch Flint, a new comprehensive financial services brokerage. With decades of collective experience and more than $3 billion in settled loans, they aim to disrupt the mortgage market by offering a wider range of financial products and a tech-driven approach.
What do brokers want from lenders? | Australian Broker News
WEBSep 08, 2022 Share. Brokers are 50% more likely to engage with a lender that offers a reduced ‘time to yes’ for their clients, AMP Bank has revealed. The new data released also suggests that brokers would prefer no ambiguity around securing loans for customers. AMP Bank recently launched a new broker portal tool MyPortView, which the banks ...
NAB unveils new Wollongong branch | Australian Broker News
WEBIt's home to nine personal bankers. The NAB team in Wollongong has transitioned to a new $1.3 million facility, located just 150 meters from their old premises, but with a significant upgrade in both design and technology. The newly opened branch preserves the heritage of the Langs Corner building, situated at the prime address of 101 Crown St.
Latest Mortgage Brokers Industry News | Australian Broker News
WEBPodcast: How brokers can diversify while remaining specialised. From rate changes to lender shakeups, the mortgage broker industry is constantly changing. Get the latest updates here.
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