Australian Broker

P&N Bank and BCU Bank are leading the charge with a focus on consistency and innovation. By listening closely to brokers, they’ve introduced improvements like FastTrack approval, direct communication with broker assessors, and real-time support via chat. https://hubs.la/Q02WfB9F0 #MortgageInnovation #BrokerSupport #FastTrack #MortgageIndustry

Australia's GDP growth, which was just 1% annually to June - the lowest since the early 1990s, could be at the lowest point of the cycle, with the consumer sector expected to improve and economic headwinds should become tailwinds, said NAB head of economics Gareth Spence. Spence and NAB head of valuations Mark Browning provided their views on the nation's economy and real estate trends at a NAB property insights market update. Read the article here: https://lnkd.in/gYxEr7cb #australianeconomy #GDP #propertymarket #realestate #economicdata

Tough competition in the home lending market and the high cost of Google AdWords, means that mortgage brokers need to actively leverage their existing databases, says Paul Andrew Smith, general manager mortgage channel of broker marketing platform ActivePipe. Smith said the most cost-effective way for brokers to win new deals was most likely going to be leveraging their existing client database, as they had already won the acquisition battle. Read the article here: https://lnkd.in/gDHbJkfm #customerretention #customerdatabase #mortgagebroker #mortgageindustry #marketing #SME

ANZ has cut its fixed rates for both owner occupiers and investors who have deposits of 20% or more. The 25- basis point reduction is the second time in less than three weeks that the banks has lowered its fixed home loan rates. Sally Tindall, research director at Canstar said “ANZ now offers the lowest fixed rate out of the majors as competition in this space continues to push rates south”: https://lnkd.in/gAYHRTxy #interestrates #fixedrates #homeloans #bankingindustry #ratecuts

Graham Mendelowitz and Mervyn Kark, the founders and leaders of MKM Capital until its sale in 2022, have set up new private lender Arc Money with a focus on lending to company and trust clients. The lender, which will work with brokers, has signed deals on two funding facilities - an institutional warehouse facility with an Australian institution, which will lend within agreed lending criteria, and a major family office for more “outside the box” lending. Read the full article here: https://lnkd.in/g5XffXKM #privatelender #privatelending #nonbank #mortgagebrokers #mortgageindustry

In the fast-moving world of businesses, Australian SMEs often need quick access to funds with flexible repayment options. Non-bank lender Bizcap Australia & New Zealand has introduce a line of credit product to meet this demand from small businesses. In this AB TV video, Bizcap chief revenue officer Rebecca Del Rio and chief operating officer Adam Szental explain the new line of credit offering and the benefits for brokers and their SME clients: https://lnkd.in/gkRYPXBM #lineofcredit #smefinance #smelending #nonbanklender #financebrokers

Community engagement is a driving force at mortgage brokerage GB Financiials, set up by founder Niti Bhargava- MIPA, AFA. The former broker launched GB Financiials back in July and Bhargava sees the brokerage's focus on community activities, such a quarterly financial literacy program for migrants and active involvement in cultural events, as like a 'superpower' that wins people's trust and drives sustainable success. Read the full article here: https://lnkd.in/gY-KwqJy #mortgagebroker #mortgageindustry #communityaction #financialliteracy #education

Australian Broker's Big Deal series looks at a complex lending scenario facing a lender and analyses how it came up with a successful solution that meet the needs of the client. In the latest Big Deal, non-bank lender Brighten helped a self-employed IT porfessional client effortlessly secure a $5 million bridging alt-doc loan to upsize into a dream home, avoiding income verification challenges and easing the transition between properties: https://lnkd.in/dbMjEcS9 #bigdeal #lendingsolutions #specialistlending #nonbank #nonbanklender #propertyloan

Mortgage brokers, BDMs, lenders, bankers and other industry stakeholders recently gathered at two MANtalk Australia and New Zealand events held simultaneously in Melbourne and Sydney on October 15. The events attracted about 200 people, and featured a panel of speakers sharing stories about mental health challenges and how to manage them. One of MANtalk's founding organisers, broker Chris Foster-Ramsay said the forums were places of safety and discussion, including about “how peer groups can help each other, particularly knowing the pressures of the industry at the moment”. The panels were facilitated by business coach Therese oneill in Melbourne and Paul Herbert, head of lending and everyday banking distribution at AMP Bank in Sydney. Read the article here: https://lnkd.in/gAmK7fgg #mentalhealth #stressmanagement #mortgagebrokers #mortgageindustry #financeindustry Brad Clucas MAICD Tony Elkins Etienne Rizzo Sadish Visvalingam Ray Hair Sean White Andrew Stevens Kerry K. Phillip Donaldson Louis Velasquez Bronwyn Penhaligon

Old-fashioned personal service combined with the latest technology tools - this is a winning combination for Equity-One. The non-bank lender has stayed true to its vision and style of service delivery. "We offer simple solutions lending and personalised service for brokers and clients,” says Equity-One managing director Dean Koutsoumidis. In this exclusive feature for Australian Broker, Equity-One outlines how it works with brokers and provides finance for SMEs that are bank quality but may not be bank ready: https://lnkd.in/d6VcS4CD #nonbank #nonbanklender #smefinance #smelending #businessfinance #commerciallending #financebrokers