News
Brokers reveal ground rules for AI's role in lending
1+ day, 47+ min ago (826+ words) Brokers have outlined how AI should reshape workflows, standards, and client care without replacing humans. Australia's mortgage industry is being pushed to rethink how it uses and competes with artificial intelligence, with brokers urging the sector to lift professional standards…...
MFAA says customer-owned banking code must include brokers
1+ day, 58+ min ago (668+ words) The Mortgage & Finance Association of Australia has called for the next iteration of the customer-owned banking code to formally embed mortgage and finance brokers. The Mortgage & Finance Association of Australia has urged the independent 202526 review of the customer-owned banking Code…...
Brokers turn to non-banks amid serviceability squeeze
2+ day, 47+ min ago (1104+ words) Brokers have revealed that rising rates and bank buffers are pushing more clients into non'bank mortgages " but often only as a tightly managed stopgap. Non'bank lenders are taking a larger role in Australia's mortgage market as brokers juggle APRA's 3 percentage…...
Borrowers retreat to familiar lenders as debt reshuffle gathers pace
2+ day, 52+ min ago (759+ words) March credit data has revealed that Australians are reshaping their mortgages and personal debts around familiarity and buffer'building. New figures from Equifax have shown that mortgage holders and other borrowers are reshaping existing credit rather than abandoning it " and are…...
AUSTRAC urges tougher checks as mortgage fraud probe widens
1+ week, 1+ day ago (892+ words) Fresh guidance from AUSTRAC has warned lenders to lift verification standards as it continues its ongoing assessment into suspected large'scale mortgage fraud. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has revealed how it is working with major banks, law…...
Apartment approvals roar back as housing target gap widens
2+ week, 1+ day ago (850+ words) Fresh figures have shown higher-density projects significantly rebounding, yet advocates have warned that the numbers are masking lingering shortfalls and cost pressures. Australia's home building pipeline staged a major rebound in February as a surge in apartment and town house…...
Connective's brokers power "record' lending year
2+ week, 15+ hour ago (816+ words) The aggregator has smashed its own lending records, with rate cuts, policy support, and broker diversification combining to unleash a significant rebound in demand. Connective, one of Australia's largest aggregation groups, has reported "record-breaking" 2025 calendar year financial results, as falling…...
Mortgage Choice launches AI-powered policy tool
2+ week, 1+ day ago (875+ words) An AI-powered Policy Search Tool that analyses over 5, 000 residential policy pages and gives brokers easy-to-understand answers has been rolled out to Mortgage Choice brokers. Major aggregator and franchise brokerage Mortgage Choice has launched a new artificial intelligence (AI) tool in…...
5% Deposit Scheme risks backfiring on housing: S&P
2+ week, 1+ day ago (857+ words) As the federal government's 5 per cent Deposit Scheme pulls more first home buyers into the market, S&P Global Ratings has warned that the surge in demand could negatively impact affordability. S&P Global Ratings has cautioned that Australia's expanded…...
How Ubank delivers a simple path to a fast loan
2+ week, 2+ day ago (1006+ words) As part of an ongoing commitment to improvement, Ubank has rebuilt its lodgement platform, transforming their broker experience from the ground up. We talk to George Srbinovski, Ubank's head of broker distribution, to learn more about the project that has…...