Legislation has been passed that will bring in better reference checking protocols for the mortgage broking industry. On Monday (4 September), the Treasury Laws Amendment (Modernising Business Commu
While the proportion of broker-originated mortgages has dropped marginally, the chief executive of the MFAA has said the outlook for the channel remains strong.
As the “point of contact” between the borrower and lender, brokers have an important role in helping those who receive hardship assistance when required, a law firm has flagged.