John Phillips

Business initiatives often start out with the promise of incurring costs in order to cut costs down the track. Some have the habit of merely adding costs. One energetic corner of risk management in.. read more

Automated valuation models are being employed by banks to mitigate risks from other approaches to property valuation in Australia, such as identity fraud and overstated valuations by intermediaries. read more

"From the second half of 2008 when volumes were quite depressed, compared to today, we would be conducting double the volume of transactions, and we would have no difficulty doubling it again," said.. read more

While lenders are taking a closer interest in the use of automated valuation of properties, the suppliers of these services are reorganising in order to produce more sustainable business models. In.. read more

Property information supplier RP Data yesterday announced the realisation of a long term ambition to purchase the ValEx Group and the VMS Division of Sandstone Technology, to control the Australian de.. read more

The shrinking profitability surrounding mortgage origination and management in the current tight funding and decreasing commission environment will force many players to adapt business models to decli.. read more

The National Electronic Conveyancing System aims to improve property-based transactions and the lodging of land title dealings for registration, by making the transfer of data more efficient. read more

Aussie Home Loans expects to replace Macquarie Bank as a funder with Commonwealth Bank in about six weeks, Aussie chief executive officer Stephen Porges said. read more

Housing finance commitments continued their downward trend in September, falling for the eighth month in succession, according to the Australian Bureau of Statistics. Commitments of 47,435 were the lo.. read more

Aussie Home Loans is adopting the strategy of reducing rates more often at a smaller amount, yesterday announcing a 40 point cut, following on from a 50 point cut preceding the November Reserve Bank a.. read more