Vow Financial CEO, Tim Brown, says brokers are starting to have higher
expectations of their aggregators thanks to, among other things,
heightened licensing-related stress levels.
The falling costs of funds will not encourage Australia's banks to
cut their rates independently of the Reserve Bank, two industry
stakeholders have claimed.
Lower interest rates, a likely increase in house
prices, and the opportunity to broaden brokers' revenue streams paint a
positive picture for 2013, says Vow's Tim Brown.
A mortgage war between the four major banks and the smaller banks is
looming as APRA figures show regional banks Bendigo & Adelaide Bank
and Suncorp along with investment bank Macquarie Bank and mutual bank
Members Equity Bank competed strongly for new mortgage customers in
In a bid to demonstrate its commitment to its growth strategy one aggregator has made a key new recruit in Queensland.
Vow Financial has continued its growth strategy by appointing a new state manager.
This week, we talk competitive advantage, continual improvement and recognition with Vow's Marketing Manager, Matt Mitchener.
What will the official cash rate be at the end of 2013? We ask a few of the industry players.
Citibank and The Adviser brought together
Australia's largest aggregation groups and key industry stakeholders
asked them for their predictions about the third party distribution
The popularity of low doc mortgages has begun to wane
of late - it seems some brokers have become wary of writing these types
of loans. The Adviser seeks to dispel some of the common misconceptions.
The clear lack of competition in the mortgage broking space has been
highlighted once again by the Commonwealth Bank increasing its stake in
Aussie Home Loans to 80 per cent ownership, according to Vow Financial
chief executive Tim Brown.
MFAA has appointed four mortgage and finance industry professionals to its national board.
The MFAA has bolstered its national board of directors, appointing four new members.
Brokers can still have a good business by focussing on mortgages. But there is value in diversifying.
The business models of some online mortgage broking services
underestimate the work of the broker and are unsustainable in the long
run, according to Vow Financial chief executive Tim Brown.
Should brokers consider themselves salespeople or
financial advisers? The Adviser looks at the evolution of the third
party distribution channel.
National Mortgage Broker's managing director Gerald Foley has slammed
comments from various aggregation heads that refer to white label
products as a "conflict of interest".
A leading economist has told one broker group that those who posit the
existence of a housing bubble in Australia are 'misguided'.
Mortgage brokers can potentially boost their business values to
more than three times annual revenue if they diversify into services
such as financial planning, according to Vow Financial chief executive
The prospects for mortgage brokers in 2013 are probably the most
promising since the Global Financial Crisis, one aggregation head has