Lender

Cameron Small, a long-serving member of the finance industry and experienced CFO, has passed away at the age of 54.

Following the merger of Heritage Bank and People’s Choice Credit Union, the mutual lending group has unveiled what its new name will be.

The neo-lender has acquired the mortgage manager in a move to “create greater competition” and a broader range of solutions for brokers and their clients.

The fintech lender has entered a strategic partnership with a major bank to launch a new car and electric vehicle loan.

The lender’s outgoing MD has flagged ongoing cost pressures in mortgage lending, adding he was “relieved” the bank did not offer cashbacks.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgage market.

The customer-owned bank has revealed it is overhauling its loan origination system and looking to grow its broker presence as it builds its book.

A fraud protection endeavour has been launched, including a $100 million investment to create a new confirmation of payee system.

The non-bank lender has announced the completion of its third transaction of 2023.

The mutuals have achieved a greater increase in total gross loans than other ADIs, according to KPMG’s Mutuals Industry Review 2023.