Broker Pulse

Non-major lenders continue to be the more highly rated lenders used by brokers for both turnaround times and policy, according to the latest Broker Pulse survey.

Almost 90 per cent of brokers indicated client circumstances as the “primary reason” for recommending non-bank lenders to their clients.

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.

Turnaround times have reached new record speeds at the biggest banks, while small ADI and non-bank turnarounds have also reduced, according to new research.

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Brokers have reported that the smaller banks are suffering from slower turnarounds, according to the latest Broker Pulse survey.