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Broker loans rise while branch loans decline for major bank

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Australian Broker | 30 Oct 2015, 08:28 AM Agree 0
A major bank has reported a $22 billion increase in its home loan portfolio, with broker originated loans on the rise
  • Broker | 30 Oct 2015, 09:13 AM Agree 0
    ANZ is by far the easiest and most efficient lender of the big 4 to deal with.

    Upfront valuations, efficient and consistent phone service, quick turnaround times, good pricing, good BDM that returns calls, a credit team that does not over engineer at assessment stage, docs emailed to me, SAI good too - all too easy.

    And all for the lowest upfront commissions, but that doesn't bother me at all as they get the deal done.
  • Regional Broker | 30 Oct 2015, 09:33 AM Agree 0
    No surprises really, I have horror stories of my clients going to a branch first and receiving poor treatment and advice. They were then referred to me, where the deal was approved and settled sometimes with the same bank.
  • Dave Robinson | 30 Oct 2015, 02:12 PM Agree 0
    Well said Broker I completely agree in fact even though they pay a little less on smaller deals they are more profitably as I am not constantly following them up or explaining their own credit policy's.

    Keep up the great work.
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