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Economy

Credit squeeze not helping cooling markets: CoreLogic
3 December 2018
mortgagebusiness

Dwellings are taking longer to sell across the nation as the housing market continues to weaken, according to the latest CoreLogic data.

Cutting-edge CRMs reduce mortgage process by hours
29 November 2018
Cutting-edge CRMs reduce mortgage process by hours

Aggregator systems and technological solutions are helping reduce the mortgage writing process and could help brokers demonstrate the work they do on an ongoing basis, the general manager of ...

‘We’re tech companies’: The neobanks’ advantage
29 November 2018
‘We’re tech companies’: The neobanks’ advantage

A big advantage that “neobanks” have over the big four is that they are nimble and highly scalable technology companies focused on customer experience, according to the co-founder of Up

Burgeoning competition a risk to credit quality: S&P
29 November 2018
mortgagebusiness

A rise in competition in the banking sector has been flagged by Standard & Poor’s as a “key risk” to mortgage quality in 2019.

Major bank tests facial recognition ATM
29 November 2018
Major bank tests facial recognition ATM

A big four bank has collaborated with Microsoft to design a proof of concept cash machine that uses facial recognition, cloud and artificial intelligence technology.

Non-bank rebranding approved, $750m RMBS secured
28 November 2018
mortgagebusiness

The shareholders of a non-bank lender have supported a motion to change the group’s brand, which has coincided with the closing of a $750 million funding transaction.

Arrears ‘above average’ but falling: S&P
28 November 2018
mortgagebusiness

Delinquencies underlying Australia’s prime residential mortgages have dropped but remained higher than the historical average, according to Standard & Poor’s.

Two fifths of Aussies do not consider cash rate
28 November 2018
mortgagebusiness

Around 40 per cent of Australian home owners do not consider the impact of the RBA’s cash rate on their mortgage, a new study has found.

Digitisation of loan variations ‘more important than ever’
27 November 2018
Digitisation of loan variations ‘more important than ever’

The renewed focus on responsible lending has brought into focus the need for lenders to digitise the loan variation process for brokers, a technology sales director has said.

Cash payments are ‘niche’: RBA governor
27 November 2018
Cash payments are ‘niche’: RBA governor

The governor of the Reserve Bank of Australia has said that Australians have embraced electronic payments and will continue to favour this payment method.