IndustryNews
  • Aggregator makes regional BDM appointment 20 May 13. To service hard to visit outlying areas, one burgeoning aggregator has recruited a regional Business Development Manager. LoanKit, the aggregation arm of Mortgage Choice, has recruited Philippa Feher as its first regional BDM in NSW. She will be working with and recruiting LoanKit brokers in the...
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  • Two new recruits for prominent aggregator 17 May 13. To enable it to continue on its growth path, one wholesale aggregator has made two senior appointments to its business. Wholesale aggregator nMB has recruited a Head of Sales as well as a Marketing and Communications manager. Laurie Duffus has commenced in the Head of Sales role and Margaret...
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  • ANZ’s rate move ‘no big deal’, says aggregator boss 17 May 13. ANZ moving its rates past that of the RBA’s cash rate cut just brings it into line with a couple of the other majors, the CEO of one of Australia's most innovative aggregators has said.“So really it isn’t a big deal at all,” said Outsource Financial CEO Tanya Sale. According ...
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  • Spread narrowing will lead to reduced funding costs: Bankwest 17 May 13. The narrowing of spreads on long-term wholesale debt may eventually put downward pressure on funding costs, according to Bankwest Retail Chief Executive Mark Reid. "But the industry will continue to face challenges with the cost of wholesale funds," he said.Reid said that while the absolute levels...
 
Opinion
  • E-lodgement – less is more 17 May 13. Brokers need the process to be effective and simple, we believe e-lodgement provides exactly that. The introduction of NCCP means more regulatory paperwork required by brokers and customers as part of the application process. Many brokers have requested the development of an application process...
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  • Westpac's dizzying results highlight the need for a stronger non-bank home loan ... 3 May 13. At less than 5.5% it's a terrific variable rate and the lender will probably pick up a few sales in the wake of the effort. But you get the feeling that the non-bank sector needs to do more than drop its price from time to time to get back to where it once was as the people's champion. Westpac has...
 
 

 
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