Mortgage News for Industry Professionals | Australian Broker News
Australian mortgage news, featuring new lender products, developments in alt lenders, and all the news Australian mortgage brokers and finance experts need.
MFAA chooses new CEO | Australian Broker News
Executive has over 20 years' experience in finance industry. “We found her vision for the industry closely aligns with the MFAA’s strategy, particular in terms of continuing the mortgage broking journey from an ‘industry’ to a ‘profession’,” she said.
Why brokers shouldn't worry about Unloan's referral program
A former founder of a direct digital home loan fintech, Clint Howen (pictured above left), has questioned the viability of the direct home loan channel, as lenders employ controversial tactics to win over the dwindling direct market.
FinSecure unveils flexible SMSF policy changes - Broker News
“We've gone up to 90% LVR on the SMSF product range, which now includes metro, non-metro, and regional plus residential and commercial,” said Matthew Fernihough (pictured above), executive officer at FinSecure.
Broker numbers surpass 19,000 for first time
The MFAA Industry Intelligence Service 15th Edition report, released on Friday, shows that the number of brokers has reached 19,236, increasing 5.2% year on year.
Private lender exposes shady industry practices - Broker News
They present an offer that is too good to be true; Unusually high upfront fee and high LVR; Unusually low interest rates; They advertise a strangely quick pre-approval and release time (for example, 24-hour loans)
Key strategies for brokers to succeed in 2025
With $115 billion in loan applications year-to-date and a record $13 billion in October alone, Haron emphasises the importance of brokers carrying forward lessons from a complex lending environment.
Why investors are fleeing Melbourne's property market
Meanwhile, Adelaide and Brisbane have posted double-digit price growth. However, while Melbourne may appear affordable, the ongoing impact of the land tax and other investor-targeted policies could continue to weigh down the market for years to come.
MFAA fights for brokers: Clawbacks, cashbacks, and more
With around 70% of home loans and 40% of business loans written by the third-party channel, MFAA CEO Anja Pannek (pictured above) spoke to the “pivotal role” brokers play in the lives of Australians, building trust and guiding them to make the right decisions.
Westpac strengthens scam defences | Australian Broker News
Westpac SafeCall: Verified app-based calls branded as Westpac.; Westpac SaferPay: Questions for customers before high-risk payments are processed.; Westpac Verify: Alerts for account name mismatches when adding new payees.; Dynamic CVC: A changing three-digit code for digital cards every 24 hours. Cryptocurrency and Merchant Blocks: Blocking payments to high-risk businesses and certain digital ...