Lender

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.

Three Westpac subsidiaries have joined the lender panel of the government’s Home Guarantee Scheme that enables Australians to access LMI-free mortgages.

Lenders are being urged to improve their hardship services with an increasing number of Australians needing assistance.