ANZ Third Party Asset Finance


ANZ has recently announced changes to the way they distribute asset finance products through their broker network.

The changes are effective as of 1 December 2021 and are intended to reflect their ongoing commitment to focus on customer relationships, so that they can better understand how they can support your businesses.

ANZ Head of Third Party Asset Finance Appointed

Asset finance remains an important part of ANZ's Commercial banking services. Their doors are wide open to commercial customers and brokers who want to build a long-term relationship with ANZ. To support them on this journey, they are pleased to announce the appointment of Hana Caron as ANZ Head of Third Party Asset Finance.

Hana has extensive experience within asset finance as well as the broker channel including policy, systems, compliance requirements and has a strong understanding of the broker and customer needs in this segment. Prior to her current role as a Senior Broker Account Manager, Hana held customer-facing roles, worked in credit, fulfilment and compliance and is highly regarded as one of ANZ's asset finance subject matter experts.

Hana's contact details are:

E: Hana.Caron@anz.com

M: 0412 521 730

Additional Support

In addition to Hana's appointment, ANZ has developed the ANZ Commercial Asset Finance Broker Pack. The 'Broker Pack' has been prepared to assist brokers as ANZ transitions to the new asset finance guidelines.

It contains a summary of the changes that will come into effect from 1 December 2021, important information to help you with your client conversations as well as a range of comprehensive resources that simply and clearly explain the new process for submitting asset finance applications.

Settling Inflight Applications

Please be advised that all in-flight standalone asset finance applications:

  • submitted to ANZ by Friday 19 November 2021;
  • approved by ANZ by Wednesday 1 December 2021; and
  • settled by ANZ by Friday 24 December 2021, will not be impacted by the new policy.

ANZ Settlement Fax Checklist

The ANZ Settlement Fax Checklist has been updated. Please delete all old versions and ensure that only the latest version is used.

If you have any questions, refer to your Vow Financial BDM.

End of Year Boost for Brokers

IT'S ON AGAIN SO DON'T MISS OUT! COMMISSION BOOST & A CASH BONUS GIVEAWAY TO YOU AND YOUR CLIENTS!

BUSINESS FUEL IS OFFERING BROKER PARTNERS BOOSTED COMMISSIONS UNTIL 24 DECEMBER 2021

On top of their 4% commission rate, they are offering their broker partners a commission boost of an additional 1% on the whole amount when they bring in $100k or more across settled new business deals. Bring in $200k or more and they will make it a 2% commission boost to the entire amount brought in by 24 December 2021. T&C applies.

In addition to this, don't forget that 10 broker prizes of $2000 are still up for grabs in their '$60K end of year cash bonus giveaway'. Click here for giveaway details.

LET'S CLOSE OUT 2021 WITH A BANG!

Submit Application

TMBL Apply Online Changes

In summary, the following ApplyOnline changes were made in the month of October 2021;

  • eSign functionality
  • Co-borrower benefit declarations within the compliance tab
  • Requirements for existing Bank member home loan applications

To read more about the ApplyOnline changes and rate lock, click here.

In addition, with Fixed interest rates presently on the move across many Financial Institutions within the marketplace, Teachers Mutual Bank Limited would like to take this opportunity to remind the broker members to discuss Rate Lock consideration with their clients.

To access the reference document, click ApplyOnline changes.

These changes are applicable to all our divisions being;

  • Firefighters Mutual Bank
  • Health Professionals Bank
  • Teachers Mutual Bank
  • UniBank

For any questions, please reach out to your BDM.

Broker Upfront Evaluations

To read the latest Broker News from Teachers Mutual Bank Limited, click the link below

Latest Broker News

In summary, effective 26 November 2021 Teachers Mutual Bank Limited is excited to provide access to Broker Upfront Valuations through the CoreLogic PropertyHub platform.

A quick registration process is required and once completed you will be able to directly order, track the progress and submit the completed bank valuation report with your clients home loan application submission.

Ordering the bank valuation upfront has many benefits for you and your clients such as;

  • Having the confidence knowing the bank valuation result and, should it be required, make adjustments to your home loan application prior to submission saving valuable time on frustrating rework and;
  • Obtain a quick assessment decision.

For more information please;

This change is applicable to all our divisions being;

  • Firefighters Mutual Bank
  • Health Professionals Bank
  • Teachers Mutual Bank
  • UniBank

For any questions, please reach out to your BDM.

Accendo Finance & Banjo Loans

Banjo Loans & Accendo Finance have put together a video to help educate finance professionals.

The video is part of a series they are releasing on their LinkedIn page each month and it aims to provide high quality key financial information.

Watch their first video here.

Resi Essentials Update

Given the success of our current Risk Fee promotion - we are pleased to announce the extension of the Essentials Near Prime and Essentials Prime Alt Doc Promotions for another month.

Applications can now be received up until the end of December and loans must settle on or before 28 February 2022.

ESSENTIALS NEAR PRIME

We are waiving the Risk Fee Up to a maximum LVR of 70%.

Rates commencing at 3.25% P&I Variable.

A minimum loan size of $250,000 is required.

ESSENTIALS ALT DOC PRIME

We are waiving the Risk Fee on the Essential Options Prime Alt Doc home loan, up to a maximum LVR of 60%.

Rates commencing at 2.99% P&I Variable. A minimum loan size of $250,000 is required.

There is no better time to take advantage of these promotions as our credit team are working hard to maintain our 1 day SLA for Pre-Credit Review and 3 day SLA for credit assessment.

Your client could have a formal approval before Christmas!

For more information, please contact your BDM or Broker Support.

*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

MyStateBank Update

Please be advised of MyState Bank's end of calendar year mortgage settlement processing cut-off dates prior to the 24th of December 2021.

Key settlement processing cut-off times:

  • Formal Approval - documents received no later than 5:30 pm (AEST) 8 December 2021. This is a fully approved loan with all conditions met and mortgage documents issued.
  • Documents returned - no later than 5:30pm (AEST) 15 December 2021. This is all loan and mortgage documents signed and returned for settlement.

For any applications that may fall outside these key settlement processing cut off times, the team at MySateBank will aim to complete these on a best endeavours basis.

If you have any questions, please reach out to your MyState Bank Broker Relationship Manager or your BDM.

Liberty Commercial Loans Update

Liberty is introducing a new commercial mid-doc product, Express. Adding to their existing low-doc and full-doc solutions.

For more information on the product features and where to find their updates introducer guide, click on the link below.

Liberty Commercial Express