non-banks

A new survey, including 54 Australian lender leaders, has found that 60 per cent wish to leverage new data to determine credit risk.

The latest index by the non-bank has suggested that home loans are at their most unaffordable for the first time in five years. 

The non-bank lender has announced that MA Financial Group’s former head of technology is the latest addition to its leadership team. 

A new survey has revealed a widening split between traditional banks and non-bank lenders in SME finance, with differences in where each is being used.

Brokers are increasingly using non-major over major banks, according to the latest data from market research firm Agile Market Intelligence.

Almost 90 per cent of brokers indicated client circumstances as the “primary reason” for recommending non-bank lenders to their clients.

Mortgage Business has launched its annual survey for brokers to assess the performance of Australia’s mortgage lenders, which will provide both brokers and lenders with insights.

Non-bank lenders are cropping up consistently and providing an attractive niche in the loan market and studies show they’re on the rise.

The Assistant Treasurer has announced that the Consumer Data Right (CDR) system will now include non-bank lending products.

While the risk appetite of major banks shrank, more brokers have been using non-banks to help meet client circumstances, according to a new survey.

Non-bank lender Clinch has launched a new short-term equity release product targeting later-life home owners.

Treasury has opened a consultation for its draft instrument that extends the consumer data right to non-bank lenders.

The Australian Finance Industry Association has called for comprehensive credit reporting to be extended to smaller specialist lenders and fintechs, in order to boost competition.

Nano Home Loans has collaborated with the technology solutions provider, which will reportedly allow borrowers to secure loan approval within minutes.

Australia’s non-bank lenders are in desperate need of alternative funding as securitisation markets fail to deliver, according to mortgage market analysts.