An industry association has said brokers can help after hikes continue at lenders
The new appointment brings more than 15 years of financial services experience to the company
The newly elected chairman replaces an industry veteran who is set to retire from the board at the end of the year
The agency says this is in response to elevated risks in the housing market, which have heightened the sensitivity of the banks' credit profiles
The move comes as a result of a surge in investment lending applications spurred on by tighter lending restrictions at other institutions
While broker lending was down overall, the firm successfully launched several initiatives that managed to eventually boost these figures