Lender

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.

The major bank has revealed it will enter 2024 with a reshaped executive leadership team as its deputy chief executive position has been made redundant.

The major bank has announced the launch of a new digital home loan.

The aggregator’s brokers now have access to financing solutions for senior clients, with the new addition to its lending panel.

The non-bank lender has announced the completion of its first-ever RMBS transaction.