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Tic:Toc hires new CTO to accelerate digital lending capacity

A new chief technology officer is set to join direct-to-consumer lender Tic:Toc as it ramps up capacity to meet “the surge in demand for digital lending”.

Shantell Williams
ANZ CEO sceptical of newer lenders

The big four boss has voiced some scepticism around newer players in lending and how they present their products.

ANZ CEO sceptical of newer lenders
People’s Choice surpasses $8bn milestone

The mutual lender’s book has grown to over $8 billion, following strong growth in the final quarter of the financial year 2021, partly attributed to the broker channel.

People’s Choice surpasses $8bn milestone
LATEST PODCAST: The lending conundrum

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

LATEST PODCAST: The lending conundrum
Reverse mortgage lenders tapping 1.5% of market: Deloitte

Reverse mortgage lenders have accessed a small fraction of the potential retiree housing market in Australia, according to Deloitte.

Reverse mortgage lenders tapping 1.5% of market: Deloitte
Genworth CFO resigns

The LMI provider has announced a new CFO following the resignation of its current CFO, effective 24 September.

Genworth CFO resigns
High repayments squeeze Heritage loan growth

A high rate of loan repayments through the pandemic has somewhat slowed the growth of Heritage Bank’s book, despite a surge in approvals.

High repayments squeeze Heritage loan growth
Heritage loan book grows amid merger talks

Heritage Bank has seen an uptick in lending in the past year, as its board continues to mull a merger with People’s Choice.

Heritage loan book grows amid merger talks
Pulse members back Teachers Mutual merger

An overwhelming majority of Pulse Credit Union members have supported the proposed deal with Teachers Mutual Bank Ltd, with the two companies now looking to merge in November.

Pulse members back Teachers Mutual merger
‘Loyalty tax’ costs borrowers $9bn, finds neo-lender

Three-quarters of borrowers are angry that new mortgagors typically receive lower rates, according to new research, with the “loyalty tax” estimated to cost $9 billion.

‘Loyalty tax’ costs borrowers $9bn, finds neo-lender
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