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The future of mortgage pricing: consumers to determine rates

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Australian Broker | 10 Nov 2014, 07:20 AM Agree 0
A business analyst company says using big data and analytics can help banks become more intelligent with mortgage pricing
  • marty | 10 Nov 2014, 10:45 AM Agree 0
    I don't like this model where the broker sets the rate to a degree. Fraught with conflict of interest issues. We are better of without it.
  • Bottom Line | 10 Nov 2014, 11:09 AM Agree 0
    Agreed marty. This is opening Pandora's box... But is a great way of making every bank customer unhappy. The biggest complainers would get the best deals.
  • Old Broker | 10 Nov 2014, 02:14 PM Agree 0
    If you are an employee and you are caught contacting existing borrowers happily paying X% and offer them a lower deal without the borrower first approaching the bank, you will be out on your ear as a loan writer before the client.
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