Powered by MOMENTUM MEDIA
subscribe to our newsletter

Lender announces new broker strategy

Australia’s newest bank will roll out a strategic blueprint of programs over the coming months to make its home loan products and services more competitive across the Australian mortgage market.

Over the past 12 months MyState Bank has recognised the need to upgrade its offering and has focused on reinvigorating its relationship with mortgage brokers across the country as a vital first step to win more business.

MyState general manager of sales & distribution Huw Bough said the broker channel remains a key strategic pillar for MyState as the organisation continues to expand and broaden loan diversification nationally.

“Already, we have experienced a 225 per cent year-on-year increase in home loan originations by making critical improvements to how we work with mortgage brokers,” Mr Bough said.

“We have made some important changes including innovations in the way we communicate, establishing dedicated teams to speed up loan decisions and introducing product pricing tiers to become more competitive,” he said.

Advertisement
Advertisement

“Our experienced originations team have re-engineered processes striving to provide a better experience for brokers.”

The group recently announced new mortgage terms for MyState and The Rock broker partners, including offering loans of up to 85 per cent LVR without having to pay for lender’s mortgage insurance.

“We are excited about the development of a new loan origination platform, which we plan to roll out in early 2015,” Mr Bough said.

“This is only the beginning of what we hope to achieve in the next 12 months, seeking to further strengthen our services to the mortgage broking industry,” he said.

MyState became Australia's newest bank on 6 October 2014. 

PROMOTED CONTENT


 

Lender announces new broker strategy
mortgagebusiness

Latest News

The value of mortgage approvals swelled to a new record high in November, surpassing $24 billion, the ABS has found. ...

The construction of new homes in Australia is forecast to “get worse before it gets better”, according to Deloitte Access Economics, but...

The non-major bank has made an appointment to the newly created role of group general counsel and company secretary. ...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: A new record in mortgage approvals

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.