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Narev: Brokers play a vital role in financial services

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Australian Broker | 15 Aug 2014, 08:02 AM Agree 0
​Brokers were behind 38% of the total home loan balance settled through the major lender during the year
  • Coast Broker | 15 Aug 2014, 09:32 AM Agree 0
    How much of the 38% of Home Loans introduced by the Third Party Channel were introduced by Aussie Home Loans know that the CBA own 80% of AHL.
  • Denise Brailey BFCSA (Inc) | 15 Aug 2014, 10:34 AM Agree 0
    Mr Narev I suggest you start compensating all home owners who were targeted as (your strategy) ARIPs and then had the sellers use a service calculator that your bank then lowered the NSR to pump up the volume. We have documents - we always have documents. You cannot tell the press you have 52,000 employees and you have no idea what they do. Its is grossly unacceptable as are your excuses for not dealing with sub prime problem.
  • Denise Brailey BFCSA (Inc) | 18 Aug 2014, 12:06 PM Agree 0
    Yes indeed and questions raised there as it was aussie suggesting to sellers "shred original LAFs" reported in 2011. Banks told sellers - "you keep the original." However the key issue is Lender "approved" the loans" and under their Code of Practice they signed up to, say no non affordable loans would be approved. Be good for confidence and future trust if those discussions could be aired in commissioner led probe.
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