Valuers working to tight timeframes for low fees are a barrier to brokers and valuers openly discussing valuation issues, says API NSW president Tyrone Hodge.
Non-bank lenders have more than doubled the growth rate of banks, but industry bodies say competition between the big four is not strong enough.
Valuers need to be doing more to ensure brokers are kept informed of what’s happening in the valuation industry, say brokers.
CBA has appointed a top senior executive to head up the lender's institutional banking and markets group.
A non-bank lender managed by a debt-plagued mortgage distribution company has been ordered to change its site after concerns it may have misled consumers.
CBA today launched a new simplified valuation dispute process in a bid to help valuers 'better understand the broker’s position'.