NAB announces major change to broker strategy
WEBThe changes are designed to improve the broker experience at the Big Four bank, with NAB broker chief Phil Waugh planning major investment into broker strategy in 2022. “We want to be the most reliable bank for brokers and customers, providing a consistent experience regardless of how they choose to come to us to buy their home,” said Waugh.
RedZed passes $5bn in originations | Australian Broker News
WEBAug 25, 2021Share. Self-employed lender RedZed has celebrated $5 billion in loan originations, with their managing director paying tribute to the broker channel for their role in helping them achieve that milestone. Managing director Evan Dwyer spoke to Australian Broker to explain how RedZed had managed to secure its place among the biggest ...
Consumer-owned banks dominate Australia in 2021 World’s Best …
WEBBy Mike Wood. Apr 19, 2021 Share. Consumer-owned banks have topped the list of Australia’s best banks, taking up four of the top five places on the prestigious Forbes list. Newcastle Permanent was named as the second-best bank in Australia and the best of all banks that are owned in Australia. ING Group, which operates in Australia but is ...
Ansa Finance, manager fined over pay | Australian Broker News
WEBThe Federal Circuit and Family Court handed down two separate rulings imposing penalties amounting to $83,250 against Ansa Finance, located in Toorak, and $16,650 against company manager Joshua Fuoco. The penalties were levied due to the business’ failure to adhere to compliance notices related to the back payment of five workers and the non ...
Why brokers should embrace email marketing | Australian Broker …
WEBPaterson said the great thing about email marketing was that it lets brokers touch base with their entire database every single month. “With the right system, you can do more business development in less time and win new business from old clients,” he said. “If you’re not already doing email marketing, my advice is you should start ...
CBA joins forces with customers to end financial abuse
WEBThe campaign was created in line with new research by Deloitte and commissioned by CBA. It found that over 380,000 women and 240,000 men were subjected to financial abuse by a current or former partner in 2020. This has cost victims $5.7 billion and another $5.2 billion to the Australian economy. “In other words, nearly 1 in 30 women and 1 in ...
How one lender is investing in broker partners
WEBThe broker channel is an important part of the Virgin Money ethos, with the majority of new customer acquisition coming through this avenue. Since the launch of our secure broker portal in 2020, we have seen more than half our partners actively engage with and use the tool, and with the recent digital enhancements we have made, there has never been a better time to take advantage.
Broker market share leaps year-on-year | Australian Broker News
WEBJun 01, 2021 Share. Mortgage broker market share has jumped 27% in a year, according to the January to March data released by the Mortgage and Finance Association of Australia ( MFAA ). The overall value of new loans written by brokers across the first part of 2021 was over $62.2 billion, a rise of $13.2 billion on the same period in 2020. That ...
Understanding the growing risks for borrowers - Broker News
WEBMike Felton, CEO of the MFAA , confirms that even those borrowers who have an unconditional finance approval could be at risk. “There are certainly risks where the customer has an enforceable contract to purchase and they experience a material change in circumstances before settlement occurs. Where …
Domain releases report on Australian property market
WEBHouses in the most expensive cities which are Sydney, Canberra, and Melbourne, had respective profits of $655,000, $435,000 and $397,000. For units, Sydney, Hobart, and Adelaide take the lead with $202,000, $198,000, and $175,000. The report found that there was a shift when it comes to the dynamics in the property market as regional areas ...