Trail is on the chopping block in the yet-to-be-released PC report, according to The Australian
Financial firms are looking for mortgage lenders and brokers who can help grow their market share
All of these excuses put forward above are just that - excuses rather than reasons>For 12 months now I have been using electronic forms for NCCP etc and the consumers are more than ready for the next step - in fact I am asked regularly when are we going to get away from the paper with loan docs.Consumer are ready for it - I question whether the lenders have the guts to go down that path given a reluctance to embrace emailing of loan docs by most lenders.
Yeah right. With the ever changing rules surrounding lending currently, it's hard enough for brokers to keep pace. From experience, most people looking for a loan are lucky to organise their tuck shop money let alone higher financial issues. Then include credit scoring, credit checks and the like.... Bahahaha! Yes, it is ambitious and I'll never say never, but I think it'll take a generation or two to pass before it may take hold. Hey let's not forget the good 'ol mortgage insurers with their version of "Mein Kampf" that they apply to applications! Brokers will be required to handle the more complex issues. It'll take ages !
You are about to submit your comment. Please ensure it is:
If you prefer not to post but want to get your viewpoint across, you can always
email the editor
This broker has found her exclusive market, and explains why it’s important to become known in a community
Are you ready to scale up and wondering where to begin? Jane McNeill, MD of Hays Banking, shares advice on finding top talent
A simple but effective one-page business plan can keep your broking business on track, writes PLAN Australia CEO Anja Pannek
Sometimes you just have to give negative employee feedback. Here's how you do it gracefully
A new report also asks whether superannuation could be used as an alternative way to finance property
Debating the hot issues that could alter the future of broking