Most brokers are small players

The picture of the mortgage broker market that emerges from data presented with news site The Adviser's annual brokerage rankings is of an industry where a handful of brokers have loan books worth man.. read more

Scottish Pacific partners with Efic

Trade and debtor finance specialist Scottish Pacific has been approved to partner with the Government's export credit agency Efic. It is the first non-bank financial institution approved to work with.. read more

Land dealing VOI rules close to finalisation

Verification of identity rules that will apply in the national electronic conveyancing system are close to finalisation, with face-to-face verification to be a requirement along with A$20 million of p.. read more

eChoice extends its debt facility

Mortgage company eChoice (formerly Firstfolio) has secured an extension of its senior debt facility by two years. The company announced yesterday that the A$58.4 million facility would mature in July.. read more

Technology makes customers more loyal

Contactless payments, mobile banking and e-commerce developments in retail banking have made a significant contribution to higher levels of customer satisfaction and advocacy, according to new researc.. read more

IMB approved to become a mutual bank

The Australian Prudential Regulation Authority has approved IMB's application to become a mutual bank. IMB announced yesterday that it would begin trading under the name IMB Bank on August 1. read more