Lender

The evolving financial services group has appointed the founding CEO of digital bank 86 400 and an ORDE Financial director to its board.

The lender has completed a deal with iPartners to support its lending growth.

To drive the non-bank lender’s new vision, a national sales manager has been appointed.

The non-major bank has brought together its broker and direct channel home lending teams under Paul Herbert, its new head of lending and everyday banking distribution.

Aussie Home Loans was the spark that encouraged the banks to set up their broking channels, Gerald Foley, managing director of nMB has revealed.

To fast-track home ownership, the major bank's business banking arm will accept presales with Coposit-secured deposits.

With the major bank set to launch a digital-only home loan, speculation is mounting that this could mark the beginning of the end of home lending through branches.

While the risk appetite of major banks shrank, more brokers have been using non-banks to help meet client circumstances, according to a new survey.

The major bank is set to launch a new, more affordable refinance option, available exclusively to borrowers online.

The bank will remove its cash and cheque deposit services at its offices and is moving solely to digital banking.