Powered by MOMENTUM MEDIA
Mortgage business logo

Economy

Warning issued over ‘sleeper risk’ borrowers

The founder and director of a commercial lender has issued a warning over the growing phenomenon of “sleeper risk” loan applicants arising from COVID-19.

Warning issued over ‘sleeper risk’ borrowers
Volt to develop BaaS digital platform

The neobank has partnered with Microsoft to develop a banking as a service platform, due to be released in 2021.

Volt to develop BaaS digital platform
Auction success rate rockets despite Melbourne

The auction market has recorded its highest combined capital city preliminary clearance rate since March, despite record-low auction volumes in Melbourne, according to data.

Auction success rate rockets despite Melbourne
Non-bank announces $20m equity raise

Fintech lender Lumi has announced plans to raise $20 million in capital to expand its team and market share over the next 12 months.

Non-bank announces $20m equity raise
Inner-city rent values hit harder amid COVID-19

The onset of the coronavirus pandemic may be leading to a “two-speed rental market”, with inner-city property rental values more likely to fall compared with outer suburbs, according to new ...

Inner-city rent values hit harder amid COVID-19
ME Bank looks to e-signatures, digital loan process

The non-major lender is looking to bring in digital signatures and a new home loan platform this year, as it looks to digitise the loan process and help brokers write loans remotely.

ME Bank looks to e-signatures, digital loan process
Pepper reintroduces pre-COVID credit policies

The non-bank lender has wound back its serviceability policy after reducing its risk appetite in response to the COVID-19 crisis.

Pepper reintroduces pre-COVID credit policies
Major bank moves business banking tool to cloud

The big four bank has announced the migration of its online business banking tool, NAB Connect, to the cloud.

Major bank moves business banking tool to cloud
Home sales spike points to HomeBuilder boost: HIA

A sharp increase in new home sales has been attributed to a bump in sentiment from the federal government’s HomeBuilder scheme.

Home sales spike points to HomeBuilder boost: HIA
Heartland secures funding for reverse mortgage business

The New Zealand-based financial services group has announced that it has secured new funding for the growth of its Australian reverse mortgage business.

Heartland secures funding for reverse mortgage business
brokerpulse logo

 

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

brokerpulse graph