Broker

• John Kavanagh

Brokers wrote 72 per cent of all home loans in the December quarter last year – a record for the industry. read more

• John Kavanagh

Commonwealth Bank has extended its partnership with Microsoft to further ongoing cyber security initiatives and develop generative AI applications. read more

• John Kavanagh

After several years of investing in diversification, Australian Finance Group is back playing to its strengths with a focus firmly on its core broker aggregation business. read more

• John Kavanagh

REA Group is struggling to make headway in financial services, a business it has targeted for growth since it acquired broker franchise group Mortgage Choice in 2021. read more

• Ian Rogers

Macquarie Bank, HSBC and ING “are in a position to defeat coordination” by major banks, Ruth Higgins, barrister for ANZ told the Australian Competition Tribunal yesterday. read more

• Banking Day staff

Bendigo and Adelaide Bank’s youth-focused digital brand Up has launched a money management tool promising to help consumers get their finances under control by automating bill payments and savings pla.. read more

• Ian Rogers

Commonwealth Bank is shying away from the brokers channel to offset pressure on margins. read more

• John Kavanagh

Lender and lending platform technology company Tic:Toc  has changed its name to Tiimely, having tired of being confused with a social media platform. read more

• Banking Day staff

Suncorp has promoted Bruce Rush to the role of Suncorp Bank chief executive, replacing outgoing Clive van Horen. read more

• John Kavanagh

David Marshall, CEO, Defence Bank Defence Bank navigated the challenges of the past year successfully, reporting record lending in the year to June, as well as strong growth in deposits and income. read more

• John Kavanagh

Mortgage broker numbers are growing, as new entrants are attracted by strong industry conditions in recent years. But those new entrants have had a shock, with market conditions deteriorating this yea.. read more

• John Kavanagh

Home loan borrowers are betting that the monetary policy tightening cycle has ended, opting for variable rate loans in record numbers. read more

• George Lekakis

Macquarie Bank’s unswerving shift to a digital-only servicing model has been widened to include the removal of some types of phone-based support for mortgage brokers. read more

• John Kavanagh

Commonwealth Bank has started offering open banking to facilitate mortgage broker loan applications, using NextGen’s ApplyOnline platform. read more

• John Kavanagh

Fast loan approval times are not the high priority for mortgage applicants they once were, according to Macquarie Securities’ latest broker survey. read more

• John Kavanagh

The latest Mortgage and Finance Association of Australia figures shows that brokers wrote 67.2 per cent of all home loans in the June 2023 quarter. read more

• George Lekakis

Perth-based customer owned bank P&N has sweetened upfront payments to mortgage brokers and reined in trail commissions under a revamped remuneration model that takes effect this month. read more

• Ian Rogers

REA Group’s financial services division had a tough year to June 2023. read more

• George Lekakis

Westpac yesterday announced a loosening of its broker remuneration policies in an apparent effort to rebuild market share in home loans. read more

• John Kavanagh

The average loan-to-valuation ratio of loans written by Australian Finance Group brokers during the June quarter was the lowest LVR ever reported in the AFG Mortgage Index. read more